2015 JAMB Economics Past Questions

The major implication of a high dependency ratio on an economy is:

One of the major problems of the agricultural sector in Nigeria is:

Cooperative societies are characterized by:

The marginal propensity to save measures the:

Structural unemployment is mainly caused by:

One of the major problems of the census in Nigeria is:

A decrease in government expenditure in an economy will cause a general price level to

From the table above, find the values of K and F respectively.

In the theory of consumer behavior, the sum of all marginal utilities is:

In a pure capitalist economy, the means and forces of production are owned by the:

A factor earning which is paid out as unemployment benefits are referred to as:

From the graph above, FG indicates

The demand for money is referred to as:

In the theory of production, a producer is at equilibrium at a point where

Balance of trade shows the relationship between the

If the cash reserve ratio is 30%, a new deposit of ₦20 million will increase supply by

A fall in price of ostentatious goods will:

Payment of interests on loans and the repayment of capital sum at a future date is:

The most difficult measure of dispersion is

Localization of industries is mainly determined by:

Geographical distribution of a population is affected by:

A tax burden on a commodity will be shared equally if the demand is:

Higher income taxes can be used to control:

From the graph above, a shift of the supply curve from S₁S to SS will lead to:

An indifference map is made up of a set of:

Recapitalization policy will enable commercial banks to:

The number of persons required to form a private company ranges from

One of the objectives of IMF is

One of the major activities in the upstream sector of the Nigerian petroleum industry includes:

The law of supply states that the:

One of the features of a perfect competitive firm is:

The basis for international trade is the:

Training farmers on the improved farming techniques are done by

In a free-market economy, prices are determined by

The economic problem of what to produce in an economy is determined by:

In Nigeria, a fall in the supply of petrol would generally affect the

The short-run equilibrium point of a perfectly competitive firm is attained at a point where:

The government can protect consumers from exploitative prices by introducing:

In the theory of production, the price of a factor of input is determined by:

If a fall in the price of commodity K brought about an increase in the demand for commodity Y, the two commodities are

From the graph below, find the modal score

When the selling price of a monopolist is below his short-run marginal costs, he is said to be making:

The overall economic performance of a country can be assessed through

The supply of agricultural products is mainly determined by:

Determine the median of 6, 10, 5, 12, 20, 18, 20 and 4.

From the table above, find the range of the distribution:

The failure of the Nigerian industrial sector is mainly associated with:

If Qd = 40 – 4P and P = #4, what is the quantity demanded?

The long-run total cost curve shows the cost of

The supply of farm produce is mainly determined by