JAMB UTME - Economics - 1984
Question 1 Rapport
In the diagram I refers to the calculation of national income through the
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Question 2 Rapport
The question below is based on the table below:
The international production set for Nigeria and Austria is:
The opportunity cost ratio for cocoa and lace for Austria and Nigeria is
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Question 4 Rapport
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
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Question 5 Rapport
The question below is based on the table below:
The international production set for Nigeria and Austria is:
From the table, it can be deduced that?
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Question 6 Rapport
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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Question 7 Rapport
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
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Question 8 Rapport
pricing and output decisions of sellers are highly interdependent in markets known as?
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Question 9 Rapport
In the diagram, (III) refers to the calculation of national income through the
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Question 12 Rapport
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Question 13 Rapport
If a person demands money for buying and selling securities. It is referred as demanding money for
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Question 16 Rapport
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
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Question 19 Rapport
Which Of the following is NOT an obstacle to economic development?
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Question 21 Rapport
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
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Question 22 Rapport
One of the major effects of an increase in government expenditure on a nation’s economy is that it?
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Question 23 Rapport
Public expenditure on services, such as education and health, is known as expenditure on
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Question 25 Rapport
Which of the following is NOT a feature of economic underdevelopment of a country?
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Question 26 Rapport
For two substitution goods, the cross elastic of demand is?
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Question 27 Rapport
Which Of the following is NOT an obstacle to economic development?
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Question 28 Rapport
In the diagram, (I) refers to the calculation of national income through the
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Question 29 Rapport
The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?
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Question 30 Rapport
The main economic objective behind the production of goods and services in any economy is to?
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Question 31 Rapport
The basic principles of co-operative societies are those of?
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Question 32 Rapport
The advantages that accrue to a firm as the size of the firm increases are known as
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Question 33 Rapport
In the diagram III refers to the calculationof national income through the
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Question 34 Rapport
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Question 35 Rapport
Which of the following is NOT a determinant of the size economically active population?
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Question 36 Rapport
Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if
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"$$P_{x}/P_{m} > 1$$"
Question 39 Rapport
A rightward shift in the production possibility frontier may be due to
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Question 40 Rapport
Which of the following is NOT true of debentures and debenture holders?
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Question 41 Rapport
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
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Question 42 Rapport
One of the advantages of large - scale production is that
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The usage of machinery helps to oversee in a large scale of production which in turn covers the high amount in time consumption. This makes room for the efficiency of labour as compared to the usage of manpower.
Question 43 Rapport
Which of the following does NOT represent the behavior of a monopolist?
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Question 44 Rapport
The population level that yields the maximum output when combined with available resources is known as
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Question 45 Rapport
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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Question 47 Rapport
The most important factor determining the location of the cement industry in Nigeria today is ?
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Question 48 Rapport
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
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Question 50 Rapport
The following except ONE, are the differences between international trade and internal trade?
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