1991 - JAMB Economics Past Questions and Answers - page 5
41
A major obstacle to economic development is?
A
a rise in industrial output
B
low farm productivity
C
free trade
D
ineffective trade unions
correct option: b
Users' Answers & Comments42
A
managerial economies
B
indivisibilities
C
the extent of the market
D
the pooling of dissimilar risks
correct option: b
Users' Answers & Comments43
A
a purely competitive market
B
a market in which demand elastic at all prices
C
an imperfectly competitive markket
D
a market in which companies produce homogeneous commodities
correct option: d
Users' Answers & Comments44
A
at P2 range
B
in the P2 P 4 price range
C
at P3 only
D
at any price below P2
correct option: a
Users' Answers & Comments45
A
N2000.00
B
1 200.00
C
1000.00
D
400.00
correct option: b
Users' Answers & Comments46
A
ORTZ
B
OPVY
C
ORTW
D
ORSX
correct option: a
Users' Answers & Comments47
A
OP,OY
B
OR,OZ
C
OR,OX
D
OQ,OZ
correct option: c
Users' Answers & Comments48
A
N57.00
B
37.00
C
20.00
D
15.00
correct option: d
Users' Answers & Comments49
A
\( \begin{matrix} P_ x = P _ y \ MP _ x = MP _ y \end{matrix} \)
B
\(\begin{matrix} MP _ x = P _ x \ MP _ y = P _ y \end{matrix}\)
C
P x. MP x = P y. MP y
D
P x P y = MP x. MP y
correct option: a
Users' Answers & Comments50
Which of the following statements must hold if price discrimination is to be possible?
A
Elasticities in the various markets must not differ
B
The seller must recognise the possibility of resale
C
The market must not be separated but integrated
D
The markets should be seperable and there should be no resale.
correct option: c
Users' Answers & Comments