Methods And Tools Of Economic Analysis Jamb Economics Past Questions
Question 1
The following are measures of location except________
- A. Arithmetic mean
- B. Harmonic mean
- C. Range
- D. Geometric mean
Question 2
The term ceteris paribus implies that
- A. Resources are scarce
- B. Human problems can be solved
- C. Human beings are unpredictable
- D. All factors are fully utilized
Question 3
Given that ∑fx = 340 and N = 20, find the arithmetic mean.
- A. 20
- B. 17
- C. 32
- D. 9
Question 4
Which of the following set of statistical tools is used for further economic analysis?
- A. the median and standard deviation
- B. the mean and mode
- C. the mean and standard deviation
- D. the mode and median
Question 5
One`of the limitations PPC assumption is that there is
- A. no indication of technological development
- B. no recognition of preferred goods for countries
- C. technical inefficiency
- D. abundant resources
