JAMB UTME - Economics - 1978
Pregunta 4 Informe
Malthus became famous through his theory which may be stated simply
Detalles de la respuesta
Pregunta 6 Informe
A Tax which takes a higher percentage from higher incomes is called?
Detalles de la respuesta
Pregunta 7 Informe
Which of the following is not a form of business organization
Detalles de la respuesta
Pregunta 9 Informe
Which of these would not be included in the fundamental principle of a free enterprise economy
Detalles de la respuesta
Pregunta 10 Informe
Less developed countries obtain foreign exchange reserve mainly from the export of
Detalles de la respuesta
Pregunta 11 Informe
The largest liability appearing in the book of a commercial bank is
Detalles de la respuesta
Pregunta 12 Informe
The following is NOT a reason for the existence of small firms
Detalles de la respuesta
Pregunta 13 Informe
Which of the following is NOT strictly included In the study of economics?
Detalles de la respuesta
Pregunta 14 Informe
If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing
Detalles de la respuesta
Pregunta 15 Informe
A distinguishing characteristics of a consumers' cooperative is the fact that
Detalles de la respuesta
Pregunta 16 Informe
In order to build up its capital stock, the typical less developed country should ideally
Detalles de la respuesta
Pregunta 21 Informe
Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be
Detalles de la respuesta
Pregunta 23 Informe
If the demand of a product with perfectly elastic supply increases, there will be
Detalles de la respuesta
Pregunta 24 Informe
A country has a surplus in its balance of visible trade if
Detalles de la respuesta
Pregunta 25 Informe
A rational consumer will adjust his spending pattern so that
Detalles de la respuesta
Pregunta 26 Informe
Which of the following financial assets consist the lowest rate of interest in Nigeria?
Detalles de la respuesta
Pregunta 28 Informe
An increase in liquid reserve requirements by the central bank of Nigeria will result in
Detalles de la respuesta
Pregunta 29 Informe
Which of the following sector of the economy is estimated to be the largest employer of labour in the country
Detalles de la respuesta
Pregunta 30 Informe
Which is an example of an invisible item in the trade Account of Ghana?
Detalles de la respuesta
Pregunta 31 Informe
Which of these would NOT increase population of a country
Detalles de la respuesta
Pregunta 32 Informe
Which of the following activities of government precludes the existence of a market economy?
Detalles de la respuesta
Pregunta 33 Informe
Which is NOT a direct effort to increase Agricultural production in Nigeria?
Detalles de la respuesta
Pregunta 34 Informe
If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X
Detalles de la respuesta
Pregunta 35 Informe
Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities
Detalles de la respuesta
Pregunta 36 Informe
Which of the following can be regarded as a liability of a commercial bank?
Detalles de la respuesta
Pregunta 37 Informe
Bondholders are treated more favorably than shareholders because
Detalles de la respuesta
Pregunta 39 Informe
The effect of the demand for product A caused by a change in the price of a product B is called?
Detalles de la respuesta
Pregunta 40 Informe
As consumption of beer increases, its marginal utility to a drinker will
Detalles de la respuesta
Pregunta 45 Informe
Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?
Detalles de la respuesta
Pregunta 47 Informe
A commercial bank is unique in that it is only the institution that
Detalles de la respuesta
Pregunta 48 Informe
Which of the following item in the balance of payment of account is an invisible transaction?
Detalles de la respuesta
