1
40 JAMB ECONOMICS LIKELY
QUESTIONS AND ANSWERS
1. The residual of production which acquires to the
ownership of loans after all other expenses have been
met is called
Answer: Rent
2. The downturn in the price of shares on stock markets is a
highlight or
Answer: The regulatory nature of the market
3. What is the effect of decrease in supply where demand is
constant?
Answer: Increase in price, decrease in quantity.
, 2
4. To control inflation, the monetary authority of a
company can
Answer: Engage in a restrictive monetary policy.
5. Natural growth rate can be calculated by?
Answer: Natural growth rate = Death rate + Net immigration
6. In the analysis of utility theory, the basic of demand is
Answer: Diminishing utility
7. In the money market, money can only be borrowed for
Answer: Short term
For Legit Jamb Assistance Call / WhatsApp
08148755974
2
40 JAMB ECONOMICS LIKELY
QUESTIONS AND ANSWERS
1. The residual of production which acquires to the
ownership of loans after all other expenses have been
met is called
Answer: Rent
2. The downturn in the price of shares on stock markets is a
highlight or
Answer: The regulatory nature of the market
3. What is the effect of decrease in supply where demand is
constant?
Answer: Increase in price, decrease in quantity.
, 2
4. To control inflation, the monetary authority of a
company can
Answer: Engage in a restrictive monetary policy.
5. Natural growth rate can be calculated by?
Answer: Natural growth rate = Death rate + Net immigration
6. In the analysis of utility theory, the basic of demand is
Answer: Diminishing utility
7. In the money market, money can only be borrowed for
Answer: Short term
For Legit Jamb Assistance Call / WhatsApp
08148755974
2
