JAMB UTME - Economics - 1980

In Nigeria, cheques are not money because?

In a subsistence economy?

Production in Economics occurs when

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

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

One of the disadvantages of division of labour is that?

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

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

Commercial banks can create money in the following ways

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

Price control indicate the following

When we draw a market demand curve, we?

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

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

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

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

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

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

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

Which is the dominant form of tax in Nigeria

International trade arise because?

Division of labour is limited by the?

The value of money depends primarily on?

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

Utility of a commodity means?

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

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

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

The marginal physical product of labour is?

Which of the taxes appear generally progressive in nature?

A commercial bank is able to create money

Which is NOT a function of Central Bank in West Africa

An economic problem arises when?

By subsistence production we mean?

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

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

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

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

A limited liability company is owned by?

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

A disadvantage of the corporate form of business is the?

By balance of visible trade we mean?

Capital earns income because?

Commercial banks can create money in the following ways?

The terms of trade are said to be favorable only if

The fundamental problem of Economics is?

Division of labour means?

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

The budget of Nigeria will be deficit if