JAMB UTME - Economics - 1979
Frage 2 Bericht
When the price of a commodity is below the equilibrium price the quantity demanded will exceed the quantity supplied. Such a situation is referred to as
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Frage 5 Bericht
When the average physical product curve is rising the marginal physical product is
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Frage 8 Bericht
The lowering of the exchange rate between country's currency and other currencies is known as
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Frage 10 Bericht
The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as
Frage 11 Bericht
The central bank controls the activities of other banks by all but one of the following
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Frage 13 Bericht
Which of the following type of capital is not rewarded by means of dividends?
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Frage 17 Bericht
which of the following is not true about occupational distribution of the labour force of West Africa?
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Frage 20 Bericht
If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is
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Frage 21 Bericht
The quantity supplied of a commodity increases best when
Frage 23 Bericht
Which is the most liquid of the following financial assets held by an individual?
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Frage 24 Bericht
| Number of Workers | Total Products |
| 1 | 10 |
| 2 | 28 |
| 3 | 48 |
| 4 | 72 |
| 5 | 80 |
Study the table above: What is the marginal product of the second worker?
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Frage 27 Bericht
If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called
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Frage 28 Bericht
The burden of tax on a commodity whose demand is infinitely inelastic
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Frage 31 Bericht
The pre-dominance of non-working housewives and maids in West Africa
Frage 32 Bericht
when the demand curve shift to the right it indicate that a larger quantity is demanded at each price. This is caused by one of the following
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Frage 33 Bericht
One of the reason why the condition of supply of a commodity may change is
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Frage 34 Bericht
which of the financial institutions cannot direct tax loans to individuals?
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Frage 35 Bericht
which of these alternative is wrong? central banks are
Frage 37 Bericht
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is
Frage 40 Bericht
Which of the following is not true of the theory of optimum population?
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Frage 42 Bericht
Which of the following is not a component of national income at factor cost?
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Frage 44 Bericht
Which of the following assets of the commercial bank does not yield revenue?
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Frage 46 Bericht
What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?
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Frage 49 Bericht
The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
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