JAMB UTME - Economics - 1986
Frage 1 Bericht
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Frage 3 Bericht
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
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Frage 4 Bericht
What fundamentally determines how much a consumer spends in a producer's shop?
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Frage 5 Bericht
One of the advantages of a partnership over a sole proprietorship is that?
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Frage 7 Bericht
A country has a population distribution as shown below:
The dependency ratio is
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Frage 10 Bericht
Which of the following is an important function of prices in a market economy?
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Frage 12 Bericht
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Frage 16 Bericht
Which of the following is NOT a goal of modern budgets?
Frage 20 Bericht
Which of the following strategies will provide more employment opportunities for Nigerians?
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Frage 21 Bericht
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Frage 23 Bericht
The difference between the Gross Domestic Product and the Gross National Product is?
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Frage 25 Bericht
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Frage 26 Bericht
Under normal circumstances the concept of consumers sovereignty implies that
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Frage 27 Bericht
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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Frage 28 Bericht
Which of the following causes of inflation is related to demand-pull inflation?
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Frage 29 Bericht
Which of the following is a characteristic of private limited liability company?
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Frage 32 Bericht
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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Frage 35 Bericht
Which of the following is used by the Central Bank to control the rate of interest?
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Frage 38 Bericht
The term of trade often measured by the ratio of the index of export
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Frage 39 Bericht
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
Frage 40 Bericht
Deflation is a persistent fall in the general price level and is usually caused by?
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Frage 41 Bericht
One major difference between monopoly and perfect competition is that?
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Frage 43 Bericht
A firm achieves least cost in production by substituting factors until
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Frage 45 Bericht
Which of the following advantages of localization of industries may also be a disadvantage?
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Frage 46 Bericht
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Frage 47 Bericht
In the normal channels of distribution the breaking of bulk is performed by the
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