JAMB UTME - Economics - 1981
Tambaya 1 Rahoto
Bayanin Amsa
Tambaya 2 Rahoto
Tambaya 3 Rahoto
Tambaya 4 Rahoto
Bayanin Amsa
Tambaya 5 Rahoto
Which of the following is NOT a visible iterm in international trade payments?`
Bayanin Amsa
Tambaya 6 Rahoto
Bayanin Amsa
Tambaya 7 Rahoto
Tambaya 9 Rahoto
Bayanin Amsa
Tambaya 10 Rahoto
Which of the following statements does NOT describe a situation of perfect competition?
Bayanin Amsa
Tambaya 11 Rahoto
Bayanin Amsa
Tambaya 12 Rahoto
|
|
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
Bayanin Amsa
Tambaya 13 Rahoto
Tambaya 14 Rahoto
|
|
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
Bayanin Amsa
Tambaya 16 Rahoto
Bayanin Amsa
Tambaya 18 Rahoto
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
Bayanin Amsa
Tambaya 19 Rahoto
Tambaya 20 Rahoto
Tambaya 21 Rahoto
Bayanin Amsa
Tambaya 23 Rahoto
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
Bayanin Amsa
Tambaya 25 Rahoto
An increase in the price of butter causes an increase in the demand for margarine. This indicate that butter and margarine are?
Tambaya 27 Rahoto
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
Bayanin Amsa
Tambaya 28 Rahoto
Bayanin Amsa
Tambaya 31 Rahoto
In this diagram, So So is the original supply curve while S1 S1 represent?
Tambaya 32 Rahoto
Bayanin Amsa
Tambaya 36 Rahoto
Bayanin Amsa
Tambaya 37 Rahoto
| 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`
Tambaya 39 Rahoto
Bayanin Amsa
Tambaya 40 Rahoto
Bayanin Amsa
Tambaya 41 Rahoto
Tambaya 42 Rahoto
Bayanin Amsa
Tambaya 43 Rahoto
Bayanin Amsa
Tambaya 44 Rahoto
Bayanin Amsa
Tambaya 47 Rahoto
Bayanin Amsa
Tambaya 48 Rahoto
Tambaya 50 Rahoto
