JAMB UTME - Economics - 1979
Question 5 Rapport
Which of the following type of capital is not rewarded by means of dividends?
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Question 6 Rapport
| Number of Workers | Total Products |
| 1 | 10 |
| 2 | 28 |
| 3 | 48 |
| 4 | 72 |
| 5 | 80 |
Study the table above: What is the marginal product of the second worker?
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Question 7 Rapport
when the demand curve shift to the right it indicate that a larger quantity is demanded at each price. This is caused by one of the following
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Question 8 Rapport
Which of the following assets of the commercial bank does not yield revenue?
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Question 9 Rapport
The pre-dominance of non-working housewives and maids in West Africa
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Question 10 Rapport
If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called
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Question 12 Rapport
One of the reason why the condition of supply of a commodity may change is
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Question 13 Rapport
When the price of a commodity is below the equilibrium price the quantity demanded will exceed the quantity supplied. Such a situation is referred to as
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Question 15 Rapport
When the average physical product curve is rising the marginal physical product is
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Question 20 Rapport
Production covers all but one of the following activities:
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Question 22 Rapport
Which of the following is not an asset of a commercial bank?
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Question 26 Rapport
The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as
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Question 27 Rapport
Which of the following is not true of the theory of optimum population?
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Question 29 Rapport
The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
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Question 30 Rapport
A typical corporate form of business organization is owned by
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Question 31 Rapport
which of the following is not true about occupational distribution of the labour force of West Africa?
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Question 34 Rapport
The central bank controls the activities of other banks by all but one of the following
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Question 36 Rapport
In most cases the marginal utility derived from a particular good
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Question 37 Rapport
which of the financial institutions cannot direct tax loans to individuals?
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Question 40 Rapport
What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?
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Question 41 Rapport
The burden of tax on a commodity whose demand is infinitely inelastic
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Question 42 Rapport
If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is
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Question 44 Rapport
The lowering of the exchange rate between country's currency and other currencies is known as
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Question 46 Rapport
Which of these is not usually the function of a wholesaler?
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Question 47 Rapport
Which is the most liquid of the following financial assets held by an individual?
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Question 48 Rapport
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is
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Question 49 Rapport
Which of the following is not a component of national income at factor cost?
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