JAMB UTME - Economics - 1986
Question 1 Report
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?
Answer Details
Question 3 Report
One major difference between monopoly and perfect competition is that?
Answer Details
Question 6 Report
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?
Question 10 Report
Which of the following is a characteristic of private limited liability company?
Answer Details
Question 13 Report
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
Answer Details
Question 14 Report
The difference between the Gross Domestic Product and the Gross National Product is?
Answer Details
Question 16 Report
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
Answer Details
Question 18 Report
Under normal circumstances the concept of consumers sovereignty implies that
Answer Details
Question 20 Report
The term of trade often measured by the ratio of the index of export
Answer Details
Question 22 Report
Deflation is a persistent fall in the general price level and is usually caused by?
Answer Details
Question 24 Report
A country has a population distribution as shown below:
The dependency ratio is
Answer Details
Question 25 Report
A firm achieves least cost in production by substituting factors until
Answer Details
Question 26 Report
What fundamentally determines how much a consumer spends in a producer's shop?
Answer Details
Question 27 Report
The revenue accruing to the seller of commodity X as a result of a fall in price will
Answer Details
Question 28 Report
Which of the following is NOT a goal of modern budgets?
Question 29 Report
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
Answer Details
Question 31 Report
Which of the following advantages of localization of industries may also be a disadvantage?
Answer Details
Question 32 Report
In the normal channels of distribution the breaking of bulk is performed by the
Answer Details
Question 33 Report
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Question 36 Report
Which of the following strategies will provide more employment opportunities for Nigerians?
Answer Details
Question 39 Report
One of the advantages of a partnership over a sole proprietorship is that?
Answer Details
Question 41 Report
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
Answer Details
Question 42 Report
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
Answer Details
Question 44 Report
Which of the following is used by the Central Bank to control the rate of interest?
Answer Details
Question 48 Report
Which of the following causes of inflation is related to demand-pull inflation?
Answer Details
Question 49 Report
Which of the following is an important function of prices in a market economy?
Answer Details
