Economics 2014 Study Mode

Try this quiz in CBT Mode
Economics 2014 in CBT Mode

Please share this quiz link to your friends, they might need it!

Quiz link
Share Economics 2014 with your friends
Share to WhatsApp Share Quiz CBT mode Study mode copy link
https://quizzerweb.com.ng/quiz?q=Economics%2B2014&id=193

Join Discuss Share Question Share to WhatsApp
Question 2 Economics 2014 | JAMB/UTME (2014)
A
income level of households 
B
available technical skills in the economy 
C
output decisions of firms 
D
holding decision of households 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 4 Economics 2014 | JAMB/UTME (2014)
A
change in the quantity demanded as price changes 
B
shift in the demand curve 
C
movement along a given demand curve 
D
change in the price elasticity of demand 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D
Join Discuss Share Question Share to WhatsApp
Question 5 Economics 2014 | JAMB/UTME (2014)
A
unitary elastic 
B
zero elastic 
C
elastic 
D
inelastic 
Explanation.
Share Answer In economics, the Total Revenue Test is a means for determining whether demand is elastic or inelastic. If an increase in price causes an increase in total revenue, then demand can be said to be inelastic, since the increase in price does not have a large impact on quantity demanded. If an increase in price causes a decrease in total revenue, then demand can be said to be elastic, since the increase in price has a large impact on quantity demanded.

Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 6 Economics 2014 | JAMB/UTME (2014)
A
fall in consumer income 
B
change in consumer taste 
C
fall in the commodity relative price 
D
rise in the commodity relative price 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D
Join Discuss Share Question Share to WhatsApp
Question 8 Economics 2014 | JAMB/UTME (2014)
A
an increase in the quantity supplied 
B
a new equilibrium 
C
a decrease in the quantity supplied 
D
a fall in price 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D
Join Discuss Share Question Share to WhatsApp
Question 9 Economics 2014 | JAMB/UTME (2014)
A
auctioning 
B
market forces 
C
the sales of treasury bills 
D
government legislation 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B
Join Discuss Share Question Share to WhatsApp
Question 10 Economics 2014 | JAMB/UTME (2014)
A
external economies of scale 
B
external diseconomies of scale 
C
internal economies of scale 
D
internal diseconomies of scale 
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Next Page
Question Map