JAMB UTME - Economics - 1980

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

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

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

The value of money depends primarily on?

By subsistence production we mean?

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

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

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?

Price control indicate the following

A commercial bank is able to create money

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

When we draw a market demand curve, we?

Commercial banks can create money in the following ways?

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

The budget of Nigeria will be deficit if

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

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

Which is NOT a function of Central Bank in West Africa

Which of the taxes appear generally progressive in nature?

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

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

By balance of visible trade we mean?

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

International trade arise because?

A disadvantage of the corporate form of business is the?

A limited liability company is owned by?

Production in Economics occurs when

One of the disadvantages of division of labour is that?

The marginal physical product of labour is?

Capital earns income because?

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

An economic problem arises when?

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

Commercial banks can create money in the following ways

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

Which is the dominant form of tax in Nigeria

Utility of a commodity means?

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

The terms of trade are said to be favorable only if

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

In Nigeria, cheques are not money because?

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

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

The fundamental problem of Economics is?

In a subsistence economy?

Division of labour means?

Division of labour is limited by the?

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

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

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