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Jamb Economics Past Questions and Answers

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Jamb Economics Past Questions

Question 2136:


A valid explanation for real wage growth is

A. An increase in the rate of productivity
B. The rising cost of capital accumulation
C. A contraction of emploment in service industries
D. An increase in the quantity of labour


Question 2137:


If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr.X was

A. Structurally unemployed
B. Frictionally unemployed
C. Seasonally unemployed
D. Cyclically unemployed


Question 2138:


From the graph above, the price elasticity of demand is

A. Unitarily elastic
B. Perfectly elastic
C. Perfectly inelastic
D. Fairly inelastic


Question 2139:


From the indifference curve above, consumer will prefer combination

A. F
B. S
C. M
D. K


Question 2140:


From the graph above, R represents

A. Marginal cost
B. Total cost
C. Variable cost
D. Fixed cost






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