JAMB UTME - Economics - 1980

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

Which is NOT a function of Central Bank in West Africa

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

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

Commercial banks can create money in the following ways

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

The budget of Nigeria will be deficit if

One of the disadvantages of division of labour is that?

Price control indicate the following

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

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?

The marginal physical product of labour is?

Division of labour is limited by the?

A disadvantage of the corporate form of business is the?

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

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

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

Utility of a commodity means?

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

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

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

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

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

The value of money depends primarily on?

The terms of trade are said to be favorable only if

A limited liability company is owned by?

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

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

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

International trade arise because?

Which is the dominant form of tax in Nigeria

When we draw a market demand curve, we?

In a subsistence economy?

By subsistence production we mean?

Commercial banks can create money in the following ways?

An economic problem arises when?

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

Division of labour means?

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

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

In Nigeria, cheques are not money because?

By balance of visible trade we mean?

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

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

Which of the taxes appear generally progressive in nature?

Production in Economics occurs when

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

The fundamental problem of Economics is?

A commercial bank is able to create money

Capital earns income because?