JAMB UTME - Economics - 1983
Tambaya 2 Rahoto
Which of the following defines Economics most comprehensively?
Tambaya 3 Rahoto
Comparative cost doctrine of international trade means specialization in production
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Tambaya 4 Rahoto
The monetary system that requires double coincidence of want is known as?
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Tambaya 5 Rahoto
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
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Tambaya 9 Rahoto
In the event of a limited liability company going into liquidation each
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Tambaya 10 Rahoto
A Nigerian household's demand curve for semovita is downward because?
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Tambaya 13 Rahoto
Disequilibrium in the balance of payment means?
Tambaya 14 Rahoto
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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Tambaya 15 Rahoto
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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Tambaya 17 Rahoto
The maintenance of general economic stability in the country necessarily relies heavily on?
Tambaya 24 Rahoto
Division of labour has many advantages . Not withstanding, it is greatly limited by?
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Tambaya 26 Rahoto
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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Tambaya 28 Rahoto
Which of the following is NOT include in measuring national income by the income approach?
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Tambaya 30 Rahoto
Full employment is a situation in which?
Tambaya 33 Rahoto
Nigeria is currently implementing the?
Tambaya 36 Rahoto
When demand is elastic, it means that consumers
Tambaya 38 Rahoto
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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Tambaya 40 Rahoto
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
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Tambaya 41 Rahoto
Which of thefollowing items is NOT an argument for locating industries in rural areas?
Tambaya 42 Rahoto
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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Tambaya 43 Rahoto
Which of the following is NOT an advantage of localization of industries?
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Tambaya 44 Rahoto
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
Tambaya 47 Rahoto
The effect of emigration on a country's population, all other things remaining equal, is to
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