JAMB UTME - Economics - 1981
Question 3 Rapport
A movement along a given demand curve for a good is caused by a change in
Détails de la réponse
Question 4 Rapport
Which of the following is NOT a visible item on international trade payment?
Détails de la réponse
Question 5 Rapport
'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?
Détails de la réponse
Question 6 Rapport
Government in West Africa countries engage in running a number of enterprises because ?
Détails de la réponse
Question 7 Rapport
Summary of product condition in countries i and ii
Amount of labour days, cocoa(tons) Cloth(tons)
Country i 200 600 900
country ii 200 300 800
From the above table, we can correctly say in respect of international trade that
Détails de la réponse
Question 8 Rapport
The process by which West African countries attempt to reduce the import of manufactured goods by encouraging firms to produce these goods at homes is known as?
Détails de la réponse
Question 9 Rapport
Which is NOT an important factor responsible for high concentration of population in some part of Nigeria?
Détails de la réponse
Question 10 Rapport
Which of the following is NOT a characteristic of perfect competition?
Détails de la réponse
Question 12 Rapport
Market Schedules for Milk:
| Price per tin | Quantity demanded (tins) | Quantity supplied (tins) |
| 8k | 25,000 | 7,500 |
| 10k | 23,000 | 9,000 |
| 13k | 20,000 | 11,500 |
| 15k | 18,000 | 13,000 |
| 18k | 15,000 | 15,000 |
| 20k | 13,000 | 17,500 |
| 23k | 10,000 | 21,000 |
| 25k | 8,000 | 24,000 |
From the market demand and supply schedules for milk, we can say that equilibrium price and quantity are
Détails de la réponse
Question 14 Rapport
Which of the following alternatives will NOT assist in checking the population growth in West Africa countries?
Détails de la réponse
Question 16 Rapport
Which of the following statement does NOT describe a situation of perfect competition.?
Détails de la réponse
Question 18 Rapport
Which of the following is NOT true about specialization or division of labour?
Détails de la réponse
Question 19 Rapport
If the income of a consumer rises and his demand for good X falls, good X can be described as
Détails de la réponse
Question 23 Rapport
If P8 and P9 represent the population of West African in 1978 and 1979 respectively, and given that in 1979.
D= number of deaths, B= number of births, I= number of immigrants, E= number of Emigrants. Then the size of the population in 1979 is given by
Détails de la réponse
Question 25 Rapport
Which of the following statement is NOT true about agriculture in West Africa?
Détails de la réponse
Question 26 Rapport
If a commodity has many substitutes, it is most likely that?
Détails de la réponse
Question 27 Rapport
Which of the following is NOT a visible iterm in international trade payments?`
Détails de la réponse
Question 28 Rapport
The situation whereby in a fiscal year a government’s revenue receipt are less than its expenditures is referred to as?
Détails de la réponse
Question 29 Rapport
One of the probable effects of an increased minimum wage in Nigeria is?
Détails de la réponse
Question 32 Rapport
| Price per tin | Demand per week | Supply per week |
| ₦6 | 0 tins | 45 tins |
| ₦5 | 5 tins | 35 tins |
| ₦4 | 10 tins | 25 tins |
| ₦3 | 15 tins | 15 tins |
| ₦2 | 20 tins | 5 tins |
| ₦1 | 25 tins | 0 tins |
Market for Garri: At a price of N5, the excess supply is`
Détails de la réponse
Question 34 Rapport
|
|
Sector 1 |
Sector 2 |
Sector 3 |
Sector 4 |
| Share in total National Output |
25% |
10% |
50% |
15% |
| Share in total Employment |
60% |
10% |
5% |
25% |
| Growth rate of Sectoral Output |
2% |
5% |
10% |
3% |
From the above, the Growth Rate of Total National Output or GDP is
Détails de la réponse
Question 35 Rapport
Which of the following does NOT belong in respect of the quantity of money?
Détails de la réponse
Question 36 Rapport
|
|
Amount of labour days |
Cocoa (tons) |
Cloth (metres) |
| Country I |
200 |
600 |
900 |
| Country II |
200 |
300 |
800 |
Summary of production conditions in countries l and ll.
From the table, we can correctly say in respect of international trade that
Détails de la réponse
Question 37 Rapport
Which of these statement is NOT true of economics as a discipline?
Détails de la réponse
Question 38 Rapport
An economy in which both the public and the private sectors contribute substantially to the growth of output is?
Détails de la réponse
Question 40 Rapport
An increase in the price of butter causes an increase in the demand for margarine. This indicate that butter and margarine are?
Détails de la réponse
Question 41 Rapport
In this diagram, So So is the original supply curve while S1 S1 represent?
Détails de la réponse
Question 44 Rapport
Given the international trade statistics of Nigeria for the past 6 years, which of these statements would you consider to be correct?
Détails de la réponse
Question 46 Rapport
Which of the following statements does NOT describe a situation of perfect competition?
Détails de la réponse
Question 47 Rapport
Which of the following is NOT a major function of a Central Bank?
Détails de la réponse
Question 49 Rapport
The infant industry argument for protection in developing countries recognizes the needs to employ tariffs to protect
Détails de la réponse
Question 50 Rapport
Prohibiting the sale of lace materials in Nigeria would probably lead to?
Détails de la réponse
