JAMB UTME - Economics - 1980

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

Commercial banks can create money in the following ways?

The marginal physical product of labour is?

Capital earns income because?

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

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

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

A disadvantage of the corporate form of business is the?

Utility of a commodity means?

Which is the dominant form of tax in Nigeria

The fundamental problem of Economics is?

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

Which of the taxes appear generally progressive in nature?

A commercial bank is able to create money

If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as

The value of money depends primarily on?

A limited liability company is owned by?

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

An economic problem arises when?

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

Which of the following is NOT one of the balance of payment entries?

In Nigeria, cheques are not money because?

By subsistence production we mean?

When we draw a market demand curve, we?

Price control indicate the following

Commercial banks can create money in the following ways

By balance of visible trade we mean?

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?

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?

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

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

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

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

Which is NOT a function of Central Bank in West Africa

In a subsistence economy?

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

The budget of Nigeria will be deficit if

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

Division of labour means?

One of the disadvantages of division of labour is that?

The terms of trade are said to be favorable only if

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

Production in Economics occurs when

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

International trade arise because?

Division of labour is limited by the?

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

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 NOT a cause of high population growth in Nigeria?