JAMB UTME - Economics - 1986
Question 2 Report
A country has a population distribution as shown below:
The dependency ratio is
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Question 3 Report
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Question 4 Report
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
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Question 5 Report
Which of the following causes of inflation is related to demand-pull inflation?
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Question 7 Report
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Question 8 Report
Under normal circumstances the concept of consumers sovereignty implies that
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Question 11 Report
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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Question 12 Report
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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Question 15 Report
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Question 16 Report
Which of the following is NOT a goal of modern budgets?
Question 17 Report
A monopolist will practice price discrimination in two markets if?
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Question 18 Report
What fundamentally determines how much a consumer spends in a producer's shop?
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Question 20 Report
A firm achieves least cost in production by substituting factors until
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Question 21 Report
Which of the following is an important function of prices in a market economy?
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Question 22 Report
Which of the following is used by the Central Bank to control the rate of interest?
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Question 26 Report
One of the advantages of a partnership over a sole proprietorship is that?
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Question 27 Report
Deflation is a persistent fall in the general price level and is usually caused by?
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Question 29 Report
The difference between the Gross Domestic Product and the Gross National Product is?
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Question 31 Report
Which of the following strategies will provide more employment opportunities for Nigerians?
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Question 32 Report
Which of the following advantages of localization of industries may also be a disadvantage?
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Question 38 Report
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Question 41 Report
In the normal channels of distribution the breaking of bulk is performed by the
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Question 42 Report
The term of trade often measured by the ratio of the index of export
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Question 43 Report
Which of the following is a characteristic of private limited liability company?
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Question 44 Report
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Question 45 Report
One major difference between monopoly and perfect competition is that?
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Question 48 Report
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
