JAMB UTME - Economics - 1982
Question 3 Report
| Unit of output |
Table cost |
| 1 |
20 |
| 2 |
32 |
| 3 |
42 |
| 4 |
48 |
| 5 |
50 |
in the above table, the marginal cost of the 3rd unit of output is
Answer Details
Question 4 Report
In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?
Question 5 Report
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
Answer Details
Question 6 Report
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
Answer Details
Question 7 Report
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
Answer Details
Question 8 Report
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
Answer Details
Question 10 Report
We can classify the people of Nigeria into three broad age group :Group one, 0-15years ; Group Two,16-64years; Group Three, 65years and above. Group Two is the most important economically because
Answer Details
Question 13 Report
A good measure of the standard of living usually used for international comparison is
Answer Details
Question 15 Report
If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is
Answer Details
Question 16 Report
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
Answer Details
Question 17 Report
which is not responsible for the decline in food production in West Africa?
Answer Details
Question 18 Report
|
|
Share of gross national product (GNP) |
Share of total employment |
Growth rate of output |
| All agriculture |
40% |
70% |
3% |
| Industry and mining |
30% |
10% |
10% |
| Trade andservices |
30% |
20% |
5% |
What is the growth rate of GNP?
Answer Details
Question 20 Report
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
Answer Details
Question 21 Report
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
Answer Details
Question 22 Report
The sloping downward of the demand curve implies that?
Question 23 Report
if AC = Average Cost of production ,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then,
Answer Details
Question 25 Report
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
Answer Details
Question 26 Report
The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?
Answer Details
Question 29 Report
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
Answer Details
Question 31 Report
Function of commercial banks do NOT include?
Question 32 Report
some of major problems hindering economic development in west Africa are in the areas of electricity supply, communication, educations and health. These items are known in Economics as?
Answer Details
Question 33 Report
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
Answer Details
Question 34 Report
Which of the following countries is NOT a member of the economic Community of West African States?
Answer Details
Question 35 Report
Balance of payments of a country explains the overall position of?
Question 36 Report
In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the
Answer Details
Question 39 Report
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Question 42 Report
Public enterprises are supported on the grounds that they are undertaken for
Answer Details
Question 43 Report
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
Answer Details
Question 44 Report
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Question 45 Report
If the Central Bank intends to increase the money supply through open market operations then it will
Answer Details
Question 47 Report
A commodity can be sold for two or more different prices if it is?
Answer Details
Question 48 Report
The supply of and demand for goods and services are influenced by the?
Answer Details
Question 50 Report
The most dominant economic activity which employs the largest number of people in West Africa is?
Answer Details
