Jamb Economics Past Questions
Question 2261
If the Central Bank intends to increase the money supply through open market operations then it will
- A. sell securities in the open market
- B. buy securities in the open market
- C. issues more currency note
- D. withdraw money supply from the market
- E. print more demand deposit
Question 2262
Demand for money for speculative purposes means?
- A. buying goods and services whose prices have risen
- B. keeping money for unforseen expenditure
- C. buying financial assets because of possible gains
- D. buying real estate
- E. keeping money for a rainy day
Question 2263
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
- A. elastic in both markets
- B. uniltary elastic in both market
- C. inelastic in both markets
- D. elastic in one market and inelastic in the other
- E. unitary elastic in none of the markets
Question 2264
Oligopoly means
- A. large number of sellers in the markets
- B. single seller in the market
- C. few sellers in the markets
- D. few buyers in the market
- E. single buyer in the market
Question 2265
Full equilibrium under perfect competition requires that?
- A. MC =MR and AC =AR
- B. MC = MR but AR>AC
- C. MR =MC =AR=AC
- D. TR>TC
- E. MR=MC
