JAMB UTME - Economics - 1986
Question 1 Rapport
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
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Question 6 Rapport
Which of the following strategies will provide more employment opportunities for Nigerians?
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Question 9 Rapport
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Question 10 Rapport
The most important advantage of co-operative societies is?
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Question 11 Rapport
Deflation is a persistent fall in the general price level and is usually caused by?
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Question 14 Rapport
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
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Question 15 Rapport
A country has a population distribution as shown below:
The dependency ratio is
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Question 17 Rapport
To control inflation, the monetary authorities of a country can?
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Question 18 Rapport
Which of the following statements describes a mixed economy?
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Question 19 Rapport
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Question 21 Rapport
Which of the following is a characteristic of private limited liability company?
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Question 22 Rapport
The term of trade often measured by the ratio of the index of export
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Question 24 Rapport
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Question 26 Rapport
Which of the following is an external economy derived by a firm?
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Question 27 Rapport
Which of the following is used by the Central Bank to control the rate of interest?
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Question 29 Rapport
A monopolist will practice price discrimination in two markets if?
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Question 30 Rapport
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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Question 31 Rapport
Which of the following advantages of localization of industries may also be a disadvantage?
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Question 32 Rapport
What fundamentally determines how much a consumer spends in a producer's shop?
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Question 33 Rapport
Which of the following is an important function of prices in a market economy?
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Question 35 Rapport
Which of the following methods is most likely to lead an economy?
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Question 36 Rapport
Under normal circumstances the concept of consumers sovereignty implies that
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Question 38 Rapport
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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Question 39 Rapport
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Question 42 Rapport
In the normal channels of distribution the breaking of bulk is performed by the
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Question 43 Rapport
A firm achieves least cost in production by substituting factors until
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Question 45 Rapport
One of the advantages of a partnership over a sole proprietorship is that?
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Question 46 Rapport
One major difference between monopoly and perfect competition is that?
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Question 47 Rapport
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
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Question 48 Rapport
The difference between the Gross Domestic Product and the Gross National Product is?
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Question 49 Rapport
Which of the following causes of inflation is related to demand-pull inflation?
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