Jamb 2018 Economics Past Questions And Answers
An upward movement along the same supply curve result in_____________
- A. a decrease in price
- B. an increase
- C. an increase in quantity supplied
- D. a decrease In quantity supplied
A capital market differs from the money market in that in the former ________?
- A. The percentage of interest charged is more
- B. Loan sought is long term
- C. Loan repayment is guaranteed
- D. Loan sought is short-term
The coefficient of the price elasticity of supply is always_____________
- A. Constant
- B. Zero
- C. Positive
- D. Negative
The labour force of a country is determined by the___________
- A. geographical distribution of the population
- B. age structure of the population
- C. number of people available for work
- D. sex distribution of the population
The savings deposit in a commercial bank is called____________?
- A. near money
- B. call money
- C. capital
- D. fund
In the history of economics the concept of division of labour is usually associated With______________
- A. Karl Marx
- B. Adam Smith
- C. David Ricardo
- D. J.M Keynes
The type of business finance that entitles the holder to a fixed rate of dividend is______________--
- A. bank load
- B. debenture
- C. preferred stock
- D. semi-fixed
From the diagram shown, the optional point of production is_____________?
- A. R
- B. T
- C. S
- D. U
The money paid per hour for work done is_________
- A. cost
- B. salary
- C. bonus
- D. wage rate
The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________
- A. Deflation
- B. Inflation
- C. Devaluation
- D. Revaluation