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The demand curve would shift to the left when there is a rise in
AConstant proportions
BConstant complement
CIncome
DThe supply of the commodity
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Question 2
jamb1990
Which of the following graphs represents the price-quantity relationship between tea and lemon, if they are perfect complements? choose the answer from the option above
AA
BB
CC
DD
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Question 3
jamb1990
In the diagram above, RTX and STY are the marginal cost and the average cost curves responsively of a perfectly competitive firm. The supply curve of the firm is indicated by
ATX
BRT
CST
DTY
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Question 4
jamb1990
THE RELATIONSHIP BETWEEN TAX RATE AND INCOME WHICH IS RELEVANT TO A PROPORTIONAL TAX IS DEPICTED BY
ACURVES Z AND Y
BCURVE X
CCURVE Z
DCURVE Y
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Question 5
jamb1990
The relationship between tax rate and income which is relevant to a progressive tax is shown by
Acurve X
BcurveY
Ccurve Z
Dcurve X and Z
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Question 6
jamb1990
The lower half of the diagram indicates
Athe flow of goods and services
Bpayments for goods and services
Cthe flow of income
Dgovernment transactions
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Question 7
jamb1990
The flow labelled Y refers to
Areal income
Bfactor payment
Cfactor input
Dnational income
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Question 8
jamb1990
Agriculture is central to Nigeria''s economic development because?
ANigeria''s comparative advantage lies mainly in agro-allied industries
Bagriculture is the largest employer of labour
Cagriculture accounts for an insignificant domestic product
DNigeria earns limitless foreign exchange from agriculture
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Question 9
jamb1990
The most common index used for measuring development is?
Athe level of literacy
Bper capita income
Cnutritional levels
Dpopulation growth rate
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Question 10
jamb1990
Social overhead capital refers to?
Abalanced growth
Bgross investment
Cthe building of infrastructures
Dcapital formation
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Question 11
jamb1990
in equilibrium, injections are equal to?
Awithdrawals
Bsurplus of imports over exports
Cgovernment spending
Dwages
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Question 12
jamb1990
Disposable income is an income which?
Ais available for consumption and savings
Bpensioners receive from the government
Cis payable to the disable members of the community
Daccures to the environmental sanitation authorites for refuse disposal
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Question 13
jamb1990
The system of measurement of national income as the sum of all final demands is called?
Aincome approach
Bexpenditure approach
Cvalue-added
Dfinal demands approach
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Question 14
jamb1990
If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
AN1,000 000.00
BN4,000 000.00
CN6,000 000.00
DN14,000,000.00
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Question 15
jamb1990
If birth rate is constant and death rate declines, population?
Afalls
Bexpands
Cstabilizes
Doscilates
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Question 16
jamb1990
Which of the following is likely to hinder labour mobility in Nigeria?
AHigher wages elsewhere
BCultural similarities
CGood accommodation elsewhere
DIgnorance of job opportunities elsewhere
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Question 17
jamb1990
Import duties will increase total expenditure on imports if the demand for imports is?
Aelastic
Binelastic
Cinfinitely elastic
Dderived
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Question 18
jamb1990
Which of the following is a tariff?
ALimit on the amount of goods which can be imported
BInteest rate on foreign loans
CGovernment payment to domestic producers for exports
DTax on imported goods
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Question 19
jamb1990
Which of the following is likely to reduce a surplus in the balance of payments of a country?
