JAMB UTME - Economics - 1980

Which is NOT a method of raising capital funds in Nigeria?

In a normal (typical) demand schedule, the quantity demand is?

One of the disadvantages of division of labour is that?

Which is the dominant form of tax in Nigeria

The fundamental problem of Economics is?

A commercial bank is able to create money

Production in Economics occurs when

International trade arise because?

An economic problem arises when?

Commercial banks can create money in the following ways?

Which is NOT a cause of high population growth in Nigeria?

Which of the following is NOT a measure for controlling inflation?

The terms of trade are said to be favorable only if

Which of the taxes appear generally progressive in nature?

Which of the following is NOT a function of Nigeria commercial Banks?

Utility of a commodity means?

In a limited liability company, the greatest risk is borne by?

A limited liability company is owned by?

Nigeria earns the major part of her foreign exchange from the export of?

Which of the following is a correct definition of equilibrium price?

Price control indicate the following

Division of labour is limited by the?

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?

The value of money depends primarily on?

The budget of Nigeria will be deficit if

If a firm doubles its output and its cost increase by 60%, the firm is experiencing

By subsistence production we mean?

Commercial banks can create money in the following ways

Which of the following is the standard concept for measuring and analyzing population growth?

Division of labour means?

Which sector can you say is growing fastest in the Nigeria economy?

Which is NOT a function of Central Bank in West Africa

When we draw a market demand curve, we?

Which of the following is NOT a determinant of changes in supply?

If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as

Which of the following is NOT one of the balance of payment entries?

Indicate which of the following are invisible trade items in a country’s balance of payments?

In a subsistence economy?

Capital earns income because?

By balance of visible trade we mean?

In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid

If you do not have to give anything in order to get a particular thing, then its opportunity cost is?

Which would you NOT consider an agro-based industry in Nigeria?

From an economic point of view, an activity does not have a cost when

A disadvantage of the corporate form of business is the?

The marginal physical product of labour is?

In a free market economy, the rationing of scarce goods is done principally by

If the government is interested in raising the highest revenue from a tax system, then for any two commodities

In Nigeria, cheques are not money because?

Which would you NOT consider an advantage of one-man business?