2016/2017 JAMB CBT Economics Expo Questions And Answers

-the level of savings
-the level of consumer’s income
-economic integration
-1 and 3
-1.67
-32
-MR=MMC
-stimulate investment
-under population
-fall in the level of inflation
-obtain short term funds
-unfavourable weather condition
-persistent gas flaring
-raw materials
-inadequacy of infrastructural facilities
-ratio of the two prices
-42.0
-56
-80kg
-M
-rise at an increasing rate
-2
-income
-an indifference curve -inadequate infrrastructure
-N3.75
-imports exceeds exports
-efficiency in pricing and distribution of
the products
-low level of standard of living
-devalue a country’s currency
-entirely on users
-oversee the development of the oil
sector
-consumption pattern
-22
-C+I+G+(X-M)
-poor access to credit facilities
-population
-stagflation
-a monopoly
-ordinary share holder
-% change in quantity supplied/% change
in price
-government
-long term financial instrument
-oil marketing and prospecting
-marginal productivity of labour
-N5.00kg
-fall
-price is an incentive to consumers