JAMB UTME - Economics - 1980

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

Commercial banks can create money in the following ways?

Production in Economics occurs when

The fundamental problem of Economics is?

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 advantage of one-man business?

Which of the taxes appear generally progressive in nature?

One of the disadvantages of division of labour is that?

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

Commercial banks can create money in the following ways

A limited liability company is owned by?

Price control indicate the following

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

In a subsistence economy?

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

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

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

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

Which is the dominant form of tax in Nigeria

Which is NOT a function of Central Bank in West Africa

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

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

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

Division of labour means?

The value of money depends primarily on?

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

The budget of Nigeria will be deficit if

An economic problem arises when?

Utility of a commodity means?

The marginal physical product of labour is?

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

Division of labour is limited by the?

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

In Nigeria, cheques are not money because?

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?

By balance of visible trade we mean?

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?

Capital earns income because?

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

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

When we draw a market demand curve, we?

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

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

By subsistence production we mean?

The terms of trade are said to be favorable only if

International trade arise because?

A disadvantage of the corporate form of business is the?

A commercial bank is able to create money

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