Jamb Economics 1990 Past Questions and Answers

Question 46:

• JAMB 1990

The lower half of the diagram indicates

A. The flow of goods and services
B. Payments for goods and services
C. The flow of income
D. Government transactions

Question 47:

• JAMB 1990

The lower half of the diagram indicates

A. The flow of goods and services
B. Payments for goods and services
C. The flow of income
D. Government transactions

Question 48:

• JAMB 1990

The relationship between tax rate and income which is relevant to a progressive tax is shown by

A. Curve X
B. CurveY
C. Curve Z
D. Curve X and Z

Question 49:

• JAMB 1990

THE RELATIONSHIP BETWEEN TAX RATE AND INCOME WHICH IS RELEVANT TO A PROPORTIONAL TAX IS DEPICTED BY

A. CURVES Z AND Y
B. CURVE X
C. CURVE Z
D. CURVE Y

Question 50:

• JAMB 1990

In the diagram above, RTX and STY are the marginal cost and the average cost curves responsively of a perfectly competitive firm. The supply curve of the firm is indicated by

A. TX
B. RT
C. ST
D. TY