Jamb Economics Past Questions For Year 2005
Question 6
The difference in each country's total output on specification is
- A. 16000 units
- B. 9000 units
- C. 8000 units
- D. 7000 units
Question 7
Find the mean price of the distribution
- A. N54
- B. N51
- C. N56
- D. N59
Question 8
The major contribution of the petroleum industry to the Nigerian economy is the
- A. generation of revenue for the oil companies
- B. provision of employment opportunities for communites
- C. generation of revenue for government
- D. promotion of industrial harmony
Question 9
An example of a long-run cost of a firm is
- A. fuel and maintenace cost
- B. the planned size of plant equipment
- C. the existing size of plant and equipment
- D. rent on buildings
Question 10
An increase in the quantity supplied of commodity suggests
- A. a leftward shift of the supply curve
- B. a rightward shift of the supply curve
- C. a movement along the supply curve
- D. an increase in elasticity of supply
