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Tuesday, 28 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 531:
JAMB 1980
The marginal physical product of labour is?
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  • A The out put of labour unaided by machinery
  • B The extra revenue from the output of one additional woker
  • C The difference in the output of two workers
  • D Additional output achieved when one extraworker is added to fixed account of other factors
  • E None of the above
View Answer & Explanation
Question 532:
JAMB 1980
One of the disadvantages of division of labour is that?
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  • A There is saving of time
  • B It result in workers acquiring greater skill at their jobs
  • C There is a greater risk of unemployment
  • D It makes possible the use of machinery
  • E It makes the worker less fatigued by his work
View Answer & Explanation
Question 533:
JAMB 1980
In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid
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  • A Wholly by the supplier
  • B Wholly by the consumer
  • C Partly by the supplier and partly by the consumer
  • D Wholly by the middlemen
  • E Partly by stockholder and partly by consumer
View Answer & Explanation
Question 534:
JAMB 1980
Commercial banks can create money in the following ways
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  • A By issuing coins and paper money
  • B By borrowing money from Banks abroad
  • C By receriving deposits from individuals
  • D By printing money on the instructions of the Central Bank
  • E None of the above
View Answer & Explanation
Question 535:
JAMB 1980
Which is the dominant form of tax in Nigeria
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  • A Direct tax
  • B Indirect tax
  • C Inheritance tax
  • D Personal income tax
  • E Value added tax
View Answer & Explanation

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