JAMB UTME - Economics - 1983
Pregunta 3 Informe
The monetary system that requires double coincidence of want is known as?
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Pregunta 4 Informe
Which of the following is NOT an advantage of localization of industries?
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Pregunta 5 Informe
A major function of middlemen in Nigeria is the distribution of?
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Pregunta 7 Informe
Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15 Basedon the above production possibilities table, the real cost of a unit of food when alternative R is selected is?
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Pregunta 8 Informe
If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will added less to the output than previous units of the labour. This concept is known as?
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Pregunta 10 Informe
The supply of loanable funds is significantly influenced by?
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Pregunta 11 Informe
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
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Pregunta 12 Informe
Agriculture plays a dominant role in West Africa economics because
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Pregunta 14 Informe
In the event of a limited liability company going into liquidation each
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Pregunta 15 Informe
Which of thefollowing items is NOT an argument for locating industries in rural areas?
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Pregunta 16 Informe
In a sole proprietorship, the decisions are made by the?
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Pregunta 17 Informe
Which of the following defines Economics most comprehensively?
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Pregunta 18 Informe
In perfect competition a firm's price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm's marginal cost (MC)?
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Pregunta 19 Informe
In the diagram P1 S is a supply curve for a manufactured. its shows that
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Pregunta 21 Informe
The maintenance of general economic stability in the country necessarily relies heavily on?
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Pregunta 22 Informe
If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
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Pregunta 23 Informe
The effect of emigration on a country's population, all other things remaining equal, is to
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Pregunta 25 Informe
A Nigerian household's demand curve for semovita is downward because?
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Pregunta 26 Informe
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
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Pregunta 29 Informe
In an inflationary period which of the following statements is NOT true?
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Pregunta 30 Informe
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
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Pregunta 33 Informe
Comparative cost doctrine of international trade means specialization in production
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Pregunta 34 Informe
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
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Pregunta 35 Informe
Which of the following is NOT include in measuring national income by the income approach?
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Pregunta 36 Informe
The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?
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Pregunta 37 Informe
Palm oil industry is located in Bendel State because the State?
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Pregunta 38 Informe
Which of the following sets fully represents factors of production?
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Pregunta 41 Informe
A greater burden of the taxes on essential goods is borne by the?
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Pregunta 42 Informe
The meaningof 'Dumping' is selling goods in a foreign market
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Pregunta 43 Informe
The quickest way of achieving an economic union on regional basis is to remove all?
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Pregunta 44 Informe
Age-structure in Nigeria is such that the working age-group is in the years
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Pregunta 45 Informe
Public expenditure creates expansionary effects in the economy when it is
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Pregunta 47 Informe
Division of labour has many advantages . Not withstanding, it is greatly limited by?
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Pregunta 49 Informe
Differentiated product is the characteristic feature of?
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