JAMB UTME - Economics - 1980

By balance of visible trade we mean?

The value of money depends primarily on?

In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid

Commercial banks can create money in the following ways

Indicate which of the following are invisible trade items in a country’s balance of payments?

Which of the following is NOT a function of Nigeria commercial Banks?

The fundamental problem of Economics is?

Which of the following is NOT a measure for controlling inflation?

Which of the following is NOT a determinant of changes in supply?

International trade arise because?

One of the disadvantages of division of labour is that?

In a limited liability company, the greatest risk is borne by?

Which sector can you say is growing fastest in the Nigeria economy?

Which of the following is a correct definition of equilibrium price?

When we draw a market demand curve, we?

If a firm doubles its output and its cost increase by 60%, the firm is experiencing

Commercial banks can create money in the following ways?

Which is NOT a cause of high population growth in Nigeria?

Division of labour means?

In a subsistence economy?

If you do not have to give anything in order to get a particular thing, then its opportunity cost is?

The marginal physical product of labour is?

Which would you NOT consider an agro-based industry in Nigeria?

In a free market economy, the rationing of scarce goods is done principally by

From an economic point of view, an activity does not have a cost when

Nigeria earns the major part of her foreign exchange from the export of?

In a normal (typical) demand schedule, the quantity demand is?

Capital earns income because?

Which is NOT a function of Central Bank in West Africa

Which of the taxes appear generally progressive in nature?

A disadvantage of the corporate form of business is the?

Which is the dominant form of tax in Nigeria

The budget of Nigeria will be deficit if

If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as

Division of labour is limited by the?

Production in Economics occurs when

An economic problem arises when?

A limited liability company is owned by?

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?

If the government is interested in raising the highest revenue from a tax system, then for any two commodities

By subsistence production we mean?

Utility of a commodity means?

Which is NOT a method of raising capital funds in Nigeria?

Which would you NOT consider an advantage of one-man business?

In Nigeria, cheques are not money because?

Which of the following is the standard concept for measuring and analyzing population growth?

The terms of trade are said to be favorable only if

Which of the following is NOT one of the balance of payment entries?

Price control indicate the following

A commercial bank is able to create money