2003 - JAMB Economics Past Questions and Answers - page 5

An important factor hindering the rapid development of the industrial sector in Nigeria is

Fixing the prices of agricultural products can be a problem because of the

The labour force of a country can be determined by examining the

Use the production possibility curve of a country represented in the diagram above to this questions.An improvement in technology will enable the country to produce at

If the country is currently producing at point Y, it can increase production of producer goods by moving to the point

In the table above, the price of commodity y is N2 and that of x is N1 while the individual has an income of N12. Determine the combination of the two commodities the individual should consume to maximize his utility

The best method of production in an under populated country is

The commercial banks differ from non-bank financial institutions because they

If Nigeria's composite price index in 1999 was 140.03% in 2000, the rate of inflation in 2000 was

The theory of comparative advantage states that a commodity should be produced in that nation where the