JAMB UTME - Economics - 1983
Pregunta 1 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?
Detalles de la respuesta
Pregunta 2 Informe
Agriculture plays a dominant role in West Africa economics because
Detalles de la respuesta
Pregunta 3 Informe
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
Detalles de la respuesta
Pregunta 7 Informe
The effect of emigration on a country's population, all other things remaining equal, is to
Detalles de la respuesta
Pregunta 8 Informe
Which of the following sets fully represents factors of production?
Detalles de la respuesta
Pregunta 9 Informe
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
Detalles de la respuesta
Pregunta 10 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?
Detalles de la respuesta
Pregunta 12 Informe
Palm oil industry is located in Bendel State because the State?
Detalles de la respuesta
Pregunta 13 Informe
Age-structure in Nigeria is such that the working age-group is in the years
Detalles de la respuesta
Pregunta 14 Informe
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
Detalles de la respuesta
Pregunta 15 Informe
Comparative cost doctrine of international trade means specialization in production
Detalles de la respuesta
Pregunta 18 Informe
A Nigerian household's demand curve for semovita is downward because?
Detalles de la respuesta
Pregunta 19 Informe
Which of thefollowing items is NOT an argument for locating industries in rural areas?
Detalles de la respuesta
Pregunta 21 Informe
Division of labour has many advantages . Not withstanding, it is greatly limited by?
Detalles de la respuesta
Pregunta 23 Informe
In the event of a limited liability company going into liquidation each
Detalles de la respuesta
Pregunta 24 Informe
In the diagram P1 S is a supply curve for a manufactured. its shows that
Detalles de la respuesta
Pregunta 26 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)?
Detalles de la respuesta
Pregunta 27 Informe
In a sole proprietorship, the decisions are made by the?
Detalles de la respuesta
Pregunta 28 Informe
Which of the following is NOT include in measuring national income by the income approach?
Detalles de la respuesta
Pregunta 29 Informe
Differentiated product is the characteristic feature of?
Detalles de la respuesta
Pregunta 30 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?
Detalles de la respuesta
Pregunta 31 Informe
In an inflationary period which of the following statements is NOT true?
Detalles de la respuesta
Pregunta 32 Informe
The meaningof 'Dumping' is selling goods in a foreign market
Detalles de la respuesta
Pregunta 33 Informe
The quickest way of achieving an economic union on regional basis is to remove all?
Detalles de la respuesta
Pregunta 37 Informe
The monetary system that requires double coincidence of want is known as?
Detalles de la respuesta
Pregunta 39 Informe
Public expenditure creates expansionary effects in the economy when it is
Detalles de la respuesta
Pregunta 42 Informe
A major function of middlemen in Nigeria is the distribution of?
Detalles de la respuesta
Pregunta 43 Informe
The supply of loanable funds is significantly influenced by?
Detalles de la respuesta
Pregunta 44 Informe
A greater burden of the taxes on essential goods is borne by the?
Detalles de la respuesta
Pregunta 45 Informe
Which of the following defines Economics most comprehensively?
Detalles de la respuesta
Pregunta 46 Informe
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
Detalles de la respuesta
Pregunta 47 Informe
The maintenance of general economic stability in the country necessarily relies heavily on?
Detalles de la respuesta
Pregunta 48 Informe
Which of the following is NOT an advantage of localization of industries?
Detalles de la respuesta
Pregunta 49 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?
Detalles de la respuesta
