JAMB UTME - Economics - 1980

Commercial banks can create money in the following ways

By subsistence production we mean?

Which of the following is NOT a measure for controlling inflation?

Which of the following is NOT a function of Nigeria commercial Banks?

The terms of trade are said to be favorable only if

Which would you NOT consider an agro-based industry in Nigeria?

Utility of a commodity means?

In a limited liability company, the greatest risk is borne by?

Which is NOT a cause of high population growth in Nigeria?

Which of the taxes appear generally progressive in nature?

Commercial banks can create money in the following ways?

In Nigeria, cheques are not money because?

Division of labour is limited by the?

The value of money depends primarily on?

A disadvantage of the corporate form of business is the?

International trade arise because?

Nigeria earns the major part of her foreign exchange from the export of?

If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as

In a normal (typical) demand schedule, the quantity demand is?

Which of the following is a correct definition of equilibrium price?

The marginal physical product of labour is?

In a subsistence economy?

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?

Which of the following is NOT one of the balance of payment entries?

Price control indicate the following

Which would you NOT consider an advantage of one-man business?

When we draw a market demand curve, we?

Indicate which of the following are invisible trade items in a country’s balance of payments?

If the government is interested in raising the highest revenue from a tax system, then for any two commodities

Which sector can you say is growing fastest in the Nigeria economy?

In a free market economy, the rationing of scarce goods is done principally by

One of the disadvantages of division of labour is that?

Which of the following is the standard concept for measuring and analyzing population growth?

In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid

Division of labour means?

Which is the dominant form of tax in Nigeria

A commercial bank is able to create money

From an economic point of view, an activity does not have a cost when

If a firm doubles its output and its cost increase by 60%, the firm is experiencing

If you do not have to give anything in order to get a particular thing, then its opportunity cost is?

The budget of Nigeria will be deficit if

Which is NOT a method of raising capital funds in Nigeria?

Which of the following is NOT a determinant of changes in supply?

Which is NOT a function of Central Bank in West Africa

A limited liability company is owned by?

Production in Economics occurs when

Capital earns income because?

By balance of visible trade we mean?

An economic problem arises when?

The fundamental problem of Economics is?