JAMB UTME - Economics - 1986
Pregunta 1 Informe
A firm achieves least cost in production by substituting factors until
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Pregunta 4 Informe
Under normal circumstances the concept of consumers sovereignty implies that
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Pregunta 5 Informe
The most important advantage of co-operative societies is?
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Pregunta 8 Informe
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?
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Pregunta 9 Informe
The difference between the Gross Domestic Product and the Gross National Product is?
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Pregunta 10 Informe
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Pregunta 11 Informe
In the normal channels of distribution the breaking of bulk is performed by the
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Pregunta 12 Informe
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
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Pregunta 14 Informe
One of the advantages of a partnership over a sole proprietorship is that?
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Pregunta 15 Informe
Which of the following is used by the Central Bank to control the rate of interest?
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Pregunta 16 Informe
To control inflation, the monetary authorities of a country can?
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Pregunta 17 Informe
Balance of payment deficit in Nigeria CANNOT be solved by
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Pregunta 19 Informe
Which of the following statements describes a mixed economy?
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Pregunta 20 Informe
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Pregunta 22 Informe
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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Pregunta 23 Informe
The term of trade often measured by the ratio of the index of export
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Pregunta 25 Informe
Which of the following is a characteristic of private limited liability company?
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Pregunta 26 Informe
The best technical description of a progressive tax is a?
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Pregunta 27 Informe
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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Pregunta 29 Informe
What fundamentally determines how much a consumer spends in a producer's shop?
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Pregunta 30 Informe
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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Pregunta 32 Informe
Deflation is a persistent fall in the general price level and is usually caused by?
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Pregunta 34 Informe
A country has a population distribution as shown below:
The dependency ratio is
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Pregunta 35 Informe
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Pregunta 37 Informe
Which of the following strategies will provide more employment opportunities for Nigerians?
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Pregunta 39 Informe
Which of the following causes of inflation is related to demand-pull inflation?
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Pregunta 42 Informe
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Pregunta 43 Informe
Which of the following advantages of localization of industries may also be a disadvantage?
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Pregunta 46 Informe
Which of the following is an important function of prices in a market economy?
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Pregunta 47 Informe
Which of the following methods is most likely to lead an economy?
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Pregunta 48 Informe
A monopolist will practice price discrimination in two markets if?
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Pregunta 49 Informe
One major difference between monopoly and perfect competition is that?
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Pregunta 50 Informe
Which of the following is an external economy derived by a firm?
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