Jamb Economics 2015 Past Questions and Answers

Question 31:

• JAMB 2015

The information that rank a consumer preferences is given by

A. Scale of preference
B. Indifference map
C. Demand schedule
D. Supply schedule

Question 32:

• JAMB 2015

The ownership of a public limited liability company is made up of

A. Two to twenty persons
B. Minimum of two and maximum of fifty
C. Minimum of seven and no maximum number
D. Owner owned by the government

Question 33:

• JAMB 2015

All the following are types of specialization except

A. Manager Specialization
B. Product specialization
C. Specialization by sex
D. Geographical specialization

Question 34:

• JAMB 2015

A market will be at equilibrium when

A. Demand and supply are equal
B. Demand is greater than supply
C. Price is higher
D. Supply is greater than demand

Question 35:

• JAMB 2015

Which of the following will shift the demand curve for Bournvita to the right

A. A rise in price of Bournvita
B. An increase in income
C. A tax on cocoa producer
D. A fall in price of Bournvita