JAMB UTME - Economics - 1983
Question 1 Rapport
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
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Question 2 Rapport
A greater burden of the taxes on essential goods is borne by the?
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Question 4 Rapport
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
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Question 5 Rapport
Which of thefollowing items is NOT an argument for locating industries in rural areas?
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Question 6 Rapport
In the diagram P1 S is a supply curve for a manufactured. its shows that
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Question 8 Rapport
A Nigerian household's demand curve for semovita is downward because?
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Question 12 Rapport
The quickest way of achieving an economic union on regional basis is to remove all?
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Question 13 Rapport
Comparative cost doctrine of international trade means specialization in production
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Question 14 Rapport
In an inflationary period which of the following statements is NOT true?
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Question 15 Rapport
Agriculture plays a dominant role in West Africa economics because
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Question 19 Rapport
The supply of loanable funds is significantly influenced by?
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Question 20 Rapport
Palm oil industry is located in Bendel State because the State?
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Question 21 Rapport
Which of the following sets fully represents factors of production?
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Question 23 Rapport
The effect of emigration on a country's population, all other things remaining equal, is to
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Question 24 Rapport
The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?
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Question 25 Rapport
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
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Question 27 Rapport
If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will added less to the output than previous units of the labour. This concept is known as?
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Question 28 Rapport
Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15 Basedon the above production possibilities table, the real cost of a unit of food when alternative R is selected is?
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Question 29 Rapport
Public expenditure creates expansionary effects in the economy when it is
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Question 30 Rapport
Division of labour has many advantages . Not withstanding, it is greatly limited by?
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Question 31 Rapport
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
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Question 32 Rapport
Which of the following defines Economics most comprehensively?
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Question 33 Rapport
Which of the following is NOT include in measuring national income by the income approach?
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Question 34 Rapport
Age-structure in Nigeria is such that the working age-group is in the years
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Question 35 Rapport
The maintenance of general economic stability in the country necessarily relies heavily on?
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Question 36 Rapport
In perfect competition a firm's price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm's marginal cost (MC)?
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Question 37 Rapport
Which of the following is NOT an advantage of localization of industries?
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Question 38 Rapport
In the event of a limited liability company going into liquidation each
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Question 42 Rapport
If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
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Question 43 Rapport
The meaningof 'Dumping' is selling goods in a foreign market
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Question 46 Rapport
A major function of middlemen in Nigeria is the distribution of?
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Question 49 Rapport
The monetary system that requires double coincidence of want is known as?
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