IJMB Economics 101 Past Questions 2015; This IJMB Economics 101 past question is suitable for students about to sit for the upcoming IJMB EXAMINATION. Students should be informed that IJMB is an advanced-level program that helps students secure admission into the university of their choice without JAMB.

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IJMB Economics 101 Past Questions 2015

INTERIM JOINT MATRICULATION BOARD EXAMINATION 2015

SUBJECT:  ECONOMICS PAPER I:

DATE SCHEDULED:  FRIDAY 30th JANUARY, 2015

TIME ALLOWED:        THREE HOURS ( 3 HRS) 

INSTRUCTIONS:  Answer FOUR (4) questions only. All questions carry equal marks. Credit will be given for good English and orderly presentation of materials. The calculator can be used if desired.

1.  What are the factors responsible for the emergence of a monopoly situation?

2.  Choice arises because of the scarcity of resources. Discuss 

3.  Discuss the various methods of Economics analysis.

4.  In spite of the importance of micro-Economics, it has its own limitation. Discuss

5.  With the aid of a Diagram explain 

i)  Demand

ii)  Supply

      6. a)  Write short notes on the followings:

               i)  Demand

               ii)  Supply

        b)  List and explain the determinants of demand.