Jamb Economics Past Questions For Year 1990
Question 1
The demand curve would shift to the left when there is a rise in
- A. Constant proportions
- B. Constant complement
- C. Income
- D. The supply of the commodity
Question 2
In the diagram above, RTX and STY are the marginal cost and the average cost curves responsively of a perfectly competitive firm. The supply curve of the firm is indicated by
- A. TX
- B. RT
- C. ST
- D. TY
Question 3
THE RELATIONSHIP BETWEEN TAX RATE AND INCOME WHICH IS RELEVANT TO A PROPORTIONAL TAX IS DEPICTED BY
- A. CURVES Z AND Y
- B. CURVE X
- C. CURVE Z
- D. CURVE Y
Question 4
The relationship between tax rate and income which is relevant to a progressive tax is shown by
- A. curve X
- B. curveY
- C. curve Z
- D. curve X and Z
Question 5
The lower half of the diagram indicates
- A. the flow of goods and services
- B. payments for goods and services
- C. the flow of income
- D. government transactions
