JAMB Economics 2011 past questions

Which question paper type of Economics as indicated above is given to you?

The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as

The sign of the slope of a graph in economic analysis is important because it

The percentage contribution of manufacturing sector is

If the demand for one commodity excludes another, it is said to be

Price (₦) Quality (Kg) The graph of the schedule above will depict

The median of an odd-numbered set of scores is the

If demand increases without a change in supply, equilibrium price and quantity will

In the process of production, total output is at maximum when

Price (₦) Qty./ (bags) From that table above, the price elasticity of supply is [PAGE 8]

When a consumer is at equilibrium, the MRSxy is equal to the

Minimum price legislation by government will

Ranking is the method use in measuring

If a firm is faced with an elastic supply curve, its revenue will

The optimal range of output for a perfectly competitive firm is

The law of variable proportions is applicable only

From the Diagram above, the optimal point of production is

If real income increases while nominal income remains the same, it can be inferred that

One of the characteristics of oligopoly is the availability of

The average total cost when 20 units are produced is

When 20 units of output is produced, TC will be

The profit of a monopolist can be eliminated where price equals

Bank consolidation policy in Nigeria is a measure to increase

An increase in the circulation of money without a corresponding increase in output will lead to

In national income accounts, an item counted as part of government spending is

If aggregate demand is lower than total output in an economy national income will

During the era of barter, money was generally in the form of

An indicator of growth in an economy over a period of time is the

The deflationary gap is defined by

What does X represent?

The import-substitution strategy of industrialization is to encourage

Upstream oil activities involve the

Agricultural production in Nigeria is constrained by

The main function of NNPC is to

investing heavily in the agricultural sector will lead to

Industrial development in Nigeria can be encouraged through

The record of a country's transactions in international trade is her

The transfer to public shareholding corporations to private enterprises is

In modern economies, the Malthusian theory of population is ineffective because of

Optimum population enables an economy to attain the highest level of