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Economics Past Questions and Answers

Economics Questions

Question 781:
JAMB 1985
Disguised unemployment
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  • A Exist when manpower is not being utilized efficiently
  • B Calls for the implementation of five plans
  • C Can be eliminated if the press is free
  • D Can be eliminated if the capital output ratio is increased
  • E Is a statistical artifact with no economic meaning
View Answer & Explanation
Question 782:
JAMB 1985
The unemployment associated with a recession is called?
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  • A Voluntary
  • B Frictonal
  • C Cyclical
  • D Structural
  • E Maximum
View Answer & Explanation
Question 783:
JAMB 1985
When total revenue is at a maximum, marginal revenue is?
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  • A Constant
  • B Negative
  • C Zero
  • D Positive
  • E Maximum
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Question 784:
JAMB 1985
In the table, the marginal cost when output is two, units is
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  • A 16.00
  • B 20.00
  • C 36.00
  • D 40.00
  • E 48.00
View Answer & Explanation
Question 785:
JAMB 1985
The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?
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  • A X = 20, Y = 6
  • B X = 38, Y =9
  • C X = 46, Y = 9
  • D X = 46, Y = 14
  • E X = 10, Y = 10
View Answer & Explanation

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