JAMB UTME - Economics - 1979
Pregunta 1 Informe
The value of money is generally measured in reference to
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Pregunta 2 Informe
When the average physical product curve is rising the marginal physical product is
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Pregunta 4 Informe
In most cases the marginal utility derived from a particular good
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Pregunta 5 Informe
A typical corporate form of business organization is owned by
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Pregunta 6 Informe
The quantity supplied of a commodity increases best when
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Pregunta 7 Informe
The central bank controls the activities of other banks by all but one of the following
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Pregunta 9 Informe
Which of these is not usually the function of a wholesaler?
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Pregunta 11 Informe
The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
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Pregunta 14 Informe
| Number of Workers | Total Products |
| 1 | 10 |
| 2 | 28 |
| 3 | 48 |
| 4 | 72 |
| 5 | 80 |
Study the table above: What is the marginal product of the second worker?
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Pregunta 18 Informe
One of the reason why the condition of supply of a commodity may change is
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Pregunta 19 Informe
If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called
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Pregunta 22 Informe
The burden of tax on a commodity whose demand is infinitely inelastic
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Pregunta 25 Informe
When the price of a commodity is below the equilibrium price the quantity demanded will exceed the quantity supplied. Such a situation is referred to as
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Pregunta 26 Informe
Which is the most liquid of the following financial assets held by an individual?
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Pregunta 27 Informe
when the demand curve shift to the right it indicate that a larger quantity is demanded at each price. This is caused by one of the following
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Pregunta 28 Informe
Which of the following type of capital is not rewarded by means of dividends?
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Pregunta 30 Informe
The lowering of the exchange rate between country's currency and other currencies is known as
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Pregunta 31 Informe
If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is
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Pregunta 34 Informe
The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as
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Pregunta 37 Informe
What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?
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Pregunta 38 Informe
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is
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Pregunta 40 Informe
The pre-dominance of non-working housewives and maids in West Africa
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Pregunta 41 Informe
Which of the following is not true of the theory of optimum population?
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Pregunta 42 Informe
Production covers all but one of the following activities:
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Pregunta 43 Informe
which of the following is not true about occupational distribution of the labour force of West Africa?
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Pregunta 44 Informe
Which of the following assets of the commercial bank does not yield revenue?
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Pregunta 47 Informe
which of the financial institutions cannot direct tax loans to individuals?
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Pregunta 49 Informe
Which of the following is not a component of national income at factor cost?
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Pregunta 50 Informe
Which of the following is not an asset of a commercial bank?
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