JAMB UTME - Economics - 1979
Frage 1 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
Antwortdetails
Frage 2 Bericht
The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
Antwortdetails
Frage 9 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 10 Bericht
The lowering of the exchange rate between country's currency and other currencies is known as
Antwortdetails
Frage 12 Bericht
Which of the following is not a component of national income at factor cost?
Antwortdetails
Frage 13 Bericht
Which is the most liquid of the following financial assets held by an individual?
Antwortdetails
Frage 16 Bericht
which of the following is not true about occupational distribution of the labour force of West Africa?
Antwortdetails
Frage 18 Bericht
One of the reason why the condition of supply of a commodity may change is
Antwortdetails
Frage 19 Bericht
The pre-dominance of non-working housewives and maids in West Africa
Frage 24 Bericht
Which of the following type of capital is not rewarded by means of dividends?
Antwortdetails
Frage 25 Bericht
which of these alternative is wrong? central banks are
Frage 28 Bericht
The quantity supplied of a commodity increases best when
Frage 29 Bericht
The burden of tax on a commodity whose demand is infinitely inelastic
Antwortdetails
Frage 31 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
Antwortdetails
Frage 32 Bericht
which of the financial institutions cannot direct tax loans to individuals?
Antwortdetails
Frage 33 Bericht
When the average physical product curve is rising the marginal physical product is
Antwortdetails
Frage 36 Bericht
The central bank controls the activities of other banks by all but one of the following
Antwortdetails
Frage 38 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
Antwortdetails
Frage 39 Bericht
Which of the following is not true of the theory of optimum population?
Antwortdetails
Frage 40 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 42 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
Antwortdetails
Frage 44 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?
Antwortdetails
Frage 48 Bericht
Which of the following assets of the commercial bank does not yield revenue?
Antwortdetails
Frage 49 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?
Antwortdetails
