JAMB UTME - Economics - 1984
Frage 1 Bericht
Public expenditure on services, such as education and health, is known as expenditure on
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Frage 3 Bericht
The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?
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Frage 5 Bericht
The most important factor determining the location of the cement industry in Nigeria today is ?
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Frage 7 Bericht
Which of the following does NOT represent the behavior of a monopolist?
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Frage 8 Bericht
pricing and output decisions of sellers are highly interdependent in markets known as?
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Frage 9 Bericht
The Central Bank instrument of control does NOT include
Frage 10 Bericht
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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Frage 11 Bericht
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
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Frage 13 Bericht
The most important characteristic of money is?
Frage 14 Bericht
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
Frage 15 Bericht
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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Frage 16 Bericht
In the diagram III refers to the calculationof national income through the
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Frage 17 Bericht
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Frage 18 Bericht
A demand curve slopes downwards because of ?
Frage 21 Bericht
Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if
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"$$P_{x}/P_{m} > 1$$"
Frage 22 Bericht
Which of the following is NOT true of debentures and debenture holders?
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Frage 23 Bericht
In the diagram, (I) refers to the calculation of national income through the
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Frage 24 Bericht
The population level that yields the maximum output when combined with available resources is known as
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Frage 25 Bericht
In the diagram I refers to the calculation of national income through the
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Frage 28 Bericht
In the diagram, (III) refers to the calculation of national income through the
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Frage 29 Bericht
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
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Frage 31 Bericht
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Frage 33 Bericht
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
Frage 34 Bericht
One of the advantages of large - scale production is that
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The usage of machinery helps to oversee in a large scale of production which in turn covers the high amount in time consumption. This makes room for the efficiency of labour as compared to the usage of manpower.
Frage 35 Bericht
A rightward shift in the production possibility frontier may be due to
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Frage 37 Bericht
The main economic objective behind the production of goods and services in any economy is to?
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Frage 38 Bericht
Which of the following is NOT a feature of economic underdevelopment of a country?
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Frage 40 Bericht
Which of the following is NOT a determinant of the size economically active population?
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Frage 41 Bericht
The question below is based on the table below:
The international production set for Nigeria and Austria is:
The opportunity cost ratio for cocoa and lace for Austria and Nigeria is
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Frage 42 Bericht
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
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Frage 43 Bericht
The question below is based on the table below:
The international production set for Nigeria and Austria is:
From the table, it can be deduced that?
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Frage 44 Bericht
One of the major effects of an increase in government expenditure on a nation’s economy is that it?
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Frage 45 Bericht
The following except ONE, are the differences between international trade and internal trade?
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Frage 47 Bericht
The advantages that accrue to a firm as the size of the firm increases are known as
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Frage 48 Bericht
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
Frage 49 Bericht
If a person demands money for buying and selling securities. It is referred as demanding money for
