JAMB UTME - Economics - 1986
Pregunta 1 Informe
Which of the following is an important function of prices in a market economy?
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Pregunta 2 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 3 Informe
Which of the following is a characteristic of private limited liability company?
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Pregunta 4 Informe
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Pregunta 5 Informe
Which of the following advantages of localization of industries may also be a disadvantage?
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Pregunta 7 Informe
One major difference between monopoly and perfect competition is that?
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Pregunta 8 Informe
What fundamentally determines how much a consumer spends in a producer's shop?
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Pregunta 9 Informe
Deflation is a persistent fall in the general price level and is usually caused by?
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Pregunta 10 Informe
Which of the following is NOT a goal of modern budgets?
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Pregunta 11 Informe
Which of the following causes of inflation is related to demand-pull inflation?
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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 16 Informe
The term of trade often measured by the ratio of the index of export
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Pregunta 17 Informe
Which of the following strategies will provide more employment opportunities for Nigerians?
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Pregunta 18 Informe
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Pregunta 19 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 21 Informe
Which of the following is used by the Central Bank to control the rate of interest?
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Pregunta 22 Informe
The best technical description of a progressive tax is a?
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Pregunta 23 Informe
Which of the following is an external economy derived by a firm?
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Pregunta 26 Informe
In the normal channels of distribution the breaking of bulk is performed by the
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Pregunta 27 Informe
A monopolist will practice price discrimination in two markets if?
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Pregunta 28 Informe
The most important advantage of co-operative societies is?
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Pregunta 29 Informe
Under normal circumstances the concept of consumers sovereignty implies that
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Pregunta 30 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 33 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 34 Informe
The difference between the Gross Domestic Product and the Gross National Product is?
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Pregunta 35 Informe
To control inflation, the monetary authorities of a country can?
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Pregunta 36 Informe
One of the advantages of a partnership over a sole proprietorship is that?
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Pregunta 37 Informe
A country has a population distribution as shown below:
The dependency ratio is
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Pregunta 42 Informe
A firm achieves least cost in production by substituting factors until
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Pregunta 45 Informe
Balance of payment deficit in Nigeria CANNOT be solved by
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Pregunta 46 Informe
Which of the following methods is most likely to lead an economy?
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Pregunta 47 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 49 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 50 Informe
Which of the following statements describes a mixed economy?
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