2008 - JAMB Economics Past Questions and Answers - page 5

41
A classroom teacher is promoted to the rank of a principal. This is an example of
A
vertical mobility
B
lateral mobility
C
social mobility
D
horizontal mobility
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42
In the diagram above, there is an excess
A
demand for 30 units
B
supply of 40 units
C
demand for 20 units
D
supply of 20 units
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43
From the graph above , point M shows that MC
A
cuts AC at its minimum point
B
and AC rises simultaneously
C
cuts AC at its maximum point
D
is falling
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44
From the shaded area of the diagram above, an appropriate population policy will be to
A
encourage early marriages
B
discourage immigration
C
discourage polygamy
D
encourage the use of contraceptives
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45
Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.

Calculate the mean?
A
45.5
B
55.6
C
55.8
D
65.8
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46
Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.

What is the modal score?
A
36
B
42
C
54
D
62
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47
Use the information below to answer this question.
Given that Q d = 20 - 4P and Q = 6P + 12

Determine the equilibrium quantity
A
14.2
B
16.8
C
20.8
D
30.2
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48
Use the information below to answer this question.
Given that Q d = 20 - 4P and Q = 6P + 12

If price is increased to N3, how much is the excess supply?
A
30
B
22
C
12
D
8
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49
One of the factors affecting the supply of manufactured goods is
A
Weather
B
Technology
C
Consumer tastes
D
Availability of inputs
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50
Individual markets differ from each other according to
A
The degree of competition
B
The volume of trade
C
The number of buyers
D
It's composition
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