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Question 1 Economics 2009 | JAMB/UTME (2009)
A
A bag only 
B
A book and a bag 
C
A shirit and a bag 
D
A shirit only 
Explanation.
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Correct Option:
C
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Question 2 Economics 2009 | JAMB/UTME (2009)
A
all producers make profit 
B
full employment exists 
C
consumer sovereignty exists 
D
there is equality of economic agents 
Explanation.
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Correct Option:
C
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Question 5 Economics 2009 | JAMB/UTME (2009)
A
price of the product 
B
price of other products 
C
income of the consumer 
D
taste of the consumer 
Explanation.
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Correct Option:
A
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Question 7 Economics 2009 | JAMB/UTME (2009)
A
utility is measureable 
B
utility is not measurable 
C
total utility equals marginal utility 
D
total utility is constant 
Explanation.
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Correct Option:
A
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Question 8 Economics 2009 | JAMB/UTME (2009)
A
supply always exceeds demand 
B
demand always exceeds supply 
C
price is an incentive to consumers 
D
price is an incentive to producers 
Explanation.
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Correct Option:
D
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Question 9 Economics 2009 | JAMB/UTME (2009)
A
perfectly elastic 
B
perfectly inelastic 
C
fairly inelastic 
D
fairly elastic 
Explanation.
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Correct Option:
B
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Question 10 Economics 2009 | JAMB/UTME (2009)
A
0.8 
B
1.25 
C
D
10 
Explanation.
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Correct Option:
B
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