JAMB UTME - Economics - 1978
Question 3 Report
Which of the following sector of the economy is estimated to be the largest employer of labour in the country
Answer Details
Question 4 Report
The largest liability appearing in the book of a commercial bank is
Answer Details
Question 5 Report
Which is NOT a direct effort to increase Agricultural production in Nigeria?
Answer Details
Question 6 Report
If the demand of a product with perfectly elastic supply increases, there will be
Answer Details
Question 9 Report
Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be
Answer Details
Question 13 Report
A Tax which takes a higher percentage from higher incomes is called?
Answer Details
Question 16 Report
A commercial bank is unique in that it is only the institution that
Answer Details
Question 20 Report
Which of the following is NOT strictly included In the study of economics?
Answer Details
Question 22 Report
The effect of the demand for product A caused by a change in the price of a product B is called?
Answer Details
Question 24 Report
The Lagos clearing house is
Question 25 Report
Which is an example of an invisible item in the trade Account of Ghana?
Answer Details
Question 27 Report
Which of the following item in the balance of payment of account is an invisible transaction?
Answer Details
Question 30 Report
Which of the following can be regarded as a liability of a commercial bank?
Question 33 Report
Malthus became famous through his theory which may be stated simply
Answer Details
Question 35 Report
Which of the following financial assets consist the lowest rate of interest in Nigeria?
Answer Details
Question 36 Report
In order to build up its capital stock, the typical less developed country should ideally
Answer Details
Question 37 Report
As consumption of beer increases, its marginal utility to a drinker will
Answer Details
Question 38 Report
If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing
Answer Details
Question 39 Report
A distinguishing characteristics of a consumers' cooperative is the fact that
Answer Details
Question 42 Report
Which of the following activities of government precludes the existence of a market economy?
Answer Details
Question 43 Report
Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities
Answer Details
Question 45 Report
If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X
Question 46 Report
Which of these would not be included in the fundamental principle of a free enterprise economy
Answer Details
Question 47 Report
Less developed countries obtain foreign exchange reserve mainly from the export of
Answer Details
Question 48 Report
An increase in liquid reserve requirements by the central bank of Nigeria will result in
Question 50 Report
Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?
Answer Details
