Welcome to Schoolngr.com

Search SchoolNGR

Wednesday, 29 April 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 606:
JAMB 1982
The sloping downward of the demand curve implies that?
SchoolNGR Classroom
  • A An increase in price leads to an increase in quantity demanded
  • B An increase in price leaves the quantity demanded unchanged
  • C A decrease in price leads to a decreased in quantity demanded
  • D A decrease in price leads to an increase in quantity demanded
  • E Supplies respond by offering less commodities for sale
View Answer & Explanation
Question 607:
JAMB 1982
if AC = Average Cost of production ,<br/>TC = Total Cost of production<br/>VC = Variable Cost of production<br/>FC = Fixed Cost of production<br/>Q = Quantity of goods produced<br/>Then,
SchoolNGR Classroom
  • A AC = TC; TC = VC + FC
  • B AC = (TC) Q: TC = VC + FC
  • C AC = TC; TC = (VC)(FC) Q
  • D AC = TC- FC: VC = TC- AC
  • E AC = TC ; TC = VC + AC Q
View Answer & Explanation
Question 608:
JAMB 1982
Population growth can be calculated as ?
SchoolNGR Classroom
  • A Birth rate + death rate + migration rate + immigration rate
  • B Birth rate – death rate + migration rate -immigration rate
  • C Birth rate + death rate – migration rate + immigration rate
  • D Birth rate – death rate – emigration rate + immigration rate
  • E Birth rate – death rate
View Answer & Explanation
Question 609:
JAMB 1982
Retailers are greater in numbers than wholesalers because?
SchoolNGR Classroom
  • A Retail business may not be registered or incorporated
  • B Retail business requires less expertise
  • C Retailers deal with final consumers
  • D All retail businesses are large enterprises
  • E All retail businesses are small enterprises
View Answer & Explanation
Question 610:
JAMB 1982
The purpose of import duties does NOT include the?
SchoolNGR Classroom
  • A Generation of revenue for government
  • B Protection of domestic industries
  • C Promotion of international trade
  • D Conservation of foreign exchange earnings
  • E Control of comsuption pattern
View Answer & Explanation

Stay Updated

Follow us on:


Subjects