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Economics Past Questions and Answers

Jamb Economics Questions

Question 31:
JAMB 2015
The information that rank a consumer preferences is given by
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  • A Scale of preference
  • B Indifference map
  • C Demand schedule
  • D Supply schedule
View Answer & Explanation
Question 32:
JAMB 2015
The ownership of a public limited liability company is made up of
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  • A Two to twenty persons
  • B Minimum of two and maximum of fifty
  • C Minimum of seven and no maximum number
  • D Owner owned by the government
View Answer & Explanation
Question 33:
JAMB 2015
All the following are types of specialization except
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  • A Manager Specialization
  • B Product specialization
  • C Specialization by sex
  • D Geographical specialization
View Answer & Explanation
Question 34:
JAMB 2015
A market will be at equilibrium when
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  • A Demand and supply are equal
  • B Demand is greater than supply
  • C Price is higher
  • D Supply is greater than demand
View Answer & Explanation
Question 35:
JAMB 2015
Which of the following will shift the demand curve for Bournvita to the right
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  • A A rise in price of Bournvita
  • B An increase in income
  • C A tax on cocoa producer
  • D A fall in price of Bournvita
View Answer & Explanation

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