JAMB UTME - Economics - 1986
Frage 1 Bericht
Under normal circumstances the concept of consumers sovereignty implies that
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Frage 3 Bericht
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Frage 5 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 11 Bericht
Which of the following is an important function of prices in a market economy?
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Frage 12 Bericht
Which of the following causes of inflation is related to demand-pull inflation?
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Frage 15 Bericht
In the normal channels of distribution the breaking of bulk is performed by the
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Frage 18 Bericht
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Frage 19 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 20 Bericht
One of the advantages of a partnership over a sole proprietorship is that?
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Frage 21 Bericht
Which of the following is used by the Central Bank to control the rate of interest?
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Frage 22 Bericht
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Frage 23 Bericht
A country has a population distribution as shown below:
The dependency ratio is
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Frage 24 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 26 Bericht
Which of the following is a characteristic of private limited liability company?
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Frage 28 Bericht
Which of the following is NOT a goal of modern budgets?
Frage 29 Bericht
A firm achieves least cost in production by substituting factors until
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Frage 30 Bericht
The term of trade often measured by the ratio of the index of export
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Frage 31 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 32 Bericht
Deflation is a persistent fall in the general price level and is usually caused by?
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Frage 33 Bericht
Which of the following advantages of localization of industries may also be a disadvantage?
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Frage 35 Bericht
The difference between the Gross Domestic Product and the Gross National Product is?
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Frage 37 Bericht
One major difference between monopoly and perfect competition is that?
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Frage 38 Bericht
What fundamentally determines how much a consumer spends in a producer's shop?
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Frage 41 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 46 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 50 Bericht
Which of the following strategies will provide more employment opportunities for Nigerians?
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