JAMB UTME - Economics - 1984
Vraag 1 Verslag
One of the advantages of large - scale production is that
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The usage of machinery helps to oversee in a large scale of production which in turn covers the high amount in time consumption. This makes room for the efficiency of labour as compared to the usage of manpower.
Vraag 2 Verslag
Which of the following is NOT true of debentures and debenture holders?
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Vraag 3 Verslag
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
Vraag 4 Verslag
Which of the following is NOT a determinant of the size economically active population?
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Vraag 6 Verslag
The main economic objective behind the production of goods and services in any economy is to?
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Vraag 10 Verslag
One of the major effects of an increase in government expenditure on a nation’s economy is that it?
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Vraag 11 Verslag
The advantages that accrue to a firm as the size of the firm increases are known as
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Vraag 12 Verslag
The question below is based on the table below:
The international production set for Nigeria and Austria is:
From the table, it can be deduced that?
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Vraag 13 Verslag
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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Vraag 14 Verslag
The most important factor determining the location of the cement industry in Nigeria today is ?
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Vraag 15 Verslag
pricing and output decisions of sellers are highly interdependent in markets known as?
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Vraag 18 Verslag
The Central Bank instrument of control does NOT include
Vraag 19 Verslag
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
Vraag 20 Verslag
A rightward shift in the production possibility frontier may be due to
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Vraag 21 Verslag
In the diagram, (I) refers to the calculation of national income through the
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Vraag 22 Verslag
A demand curve slopes downwards because of ?
Vraag 24 Verslag
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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Vraag 25 Verslag
The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?
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Vraag 26 Verslag
Which of the following does NOT represent the behavior of a monopolist?
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Vraag 27 Verslag
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Vraag 28 Verslag
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
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Vraag 30 Verslag
In the diagram I refers to the calculation of national income through the
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Vraag 32 Verslag
Public expenditure on services, such as education and health, is known as expenditure on
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Vraag 33 Verslag
The following except ONE, are the differences between international trade and internal trade?
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Vraag 34 Verslag
In the diagram, (III) refers to the calculation of national income through the
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Vraag 37 Verslag
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
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Vraag 38 Verslag
The most important characteristic of money is?
Vraag 39 Verslag
In the diagram III refers to the calculationof national income through the
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Vraag 40 Verslag
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Vraag 42 Verslag
If a person demands money for buying and selling securities. It is referred as demanding money for
Vraag 43 Verslag
The population level that yields the maximum output when combined with available resources is known as
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Vraag 45 Verslag
Which of the following is NOT a feature of economic underdevelopment of a country?
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Vraag 46 Verslag
The question below is based on the table below:
The international production set for Nigeria and Austria is:
The opportunity cost ratio for cocoa and lace for Austria and Nigeria is
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Vraag 47 Verslag
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
Vraag 48 Verslag
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
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Vraag 49 Verslag
Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if
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"$$P_{x}/P_{m} > 1$$"
