Jamb Economics 2004 Past Questions and Answers

Question 1:

• JAMB 2004

Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?

A. 5
B. 10
C. 4
D. 2

Question 2:

• JAMB 2004

Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?

A. 5
B. 10
C. 4
D. 2

Question 3:

• JAMB 2004

By advertising, a monopolistic competitive firm tries to shift its

A. Supply curve to the right
B. Demand curve to the right
C. Supply curve to the left
D. Demand curve to the left

Question 4:

• JAMB 2004

The role of the Central Bank in the economic development of Nigeria is to

A. Give short-and medium-term loans to the public
B. Give financial and technical advice to customers
C. Use cheques and bankdrafts to faciliate business transactions
D. Maintain a stable price system

Question 5:

• JAMB 2004

At the maximum point of the total product curve of a firm, marginal revenue is

A. Decreasing
B. Increasing
C. Constant
D. Zero