Economics 2008 Study Mode

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Question 1 Economics 2008 | JAMB/UTME (2008)
A
command economy 
B
traditional economy 
C
market economy 
D
feudal economy 
Explanation.
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Correct Option:
C
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Question 2 Economics 2008 | JAMB/UTME (2008)
A
scale of preference and choice 
B
opportunity cost and choice 
C
wants and means 
D
opportunity cost and scale of preference 
Explanation.
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Correct Option:
B
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Question 3 Economics 2008 | JAMB/UTME (2008)
A
deductive reasoning 
B
inductive reasoning 
C
normative reasoning 
D
positive reasoning 
Explanation.
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Correct Option:
B
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Question 5 Economics 2008 | JAMB/UTME (2008)
A
a change in supply 
B
a change in the quantity supplied 
C
an increase in the quantity supplied 
D
a increase in the quantity supplied 
Explanation.
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Correct Option:
B
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Question 6 Economics 2008 | JAMB/UTME (2008)
A
the price of the goods 
B
the price of other goods 
C
the income of consumers 
D
tastes and fashion 
Explanation.
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Correct Option:
A
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Question 7 Economics 2008 | JAMB/UTME (2008)
A
0.5 
B
1.2 
C
2.5 
D
Explanation.
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Correct Option:
A
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Question 8 Economics 2008 | JAMB/UTME (2008)
A
elastic 
B
perfectliy inelastic 
C
inelastic 
D
perfect elastic 
Explanation.
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Correct Option:
C
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Question 10 Economics 2008 | JAMB/UTME (2008)
A
total utility decreases as consumption increases 
B
marginal utility increases as consumption increases 
C
marginal utility deceases as consumption increase 
D
marginal utility decreases as consumption decreases 
Explanation.
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Correct Option:
C
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