JAMB UTME - Economics - 1979
Pergunta 1 Relatório
When the price of a commodity is below the equilibrium price the quantity demanded will exceed the quantity supplied. Such a situation is referred to as
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Pergunta 3 Relatório
The burden of tax on a commodity whose demand is infinitely inelastic
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Pergunta 4 Relatório
Production covers all but one of the following activities:
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Pergunta 8 Relatório
What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?
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Pergunta 9 Relatório
Which of the following type of capital is not rewarded by means of dividends?
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Pergunta 10 Relatório
A typical corporate form of business organization is owned by
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Pergunta 13 Relatório
which of the following is not true about occupational distribution of the labour force of West Africa?
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Pergunta 15 Relatório
One of the reason why the condition of supply of a commodity may change is
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Pergunta 16 Relatório
Which of the following assets of the commercial bank does not yield revenue?
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Pergunta 17 Relatório
If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called
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Pergunta 18 Relatório
Which is the most liquid of the following financial assets held by an individual?
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Pergunta 19 Relatório
Which of the following is not an asset of a commercial bank?
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Pergunta 20 Relatório
The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as
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Pergunta 22 Relatório
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is
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Pergunta 24 Relatório
If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is
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Pergunta 25 Relatório
Which of the following is not true of the theory of optimum population?
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Pergunta 27 Relatório
which of the financial institutions cannot direct tax loans to individuals?
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Pergunta 29 Relatório
Which of these is not usually the function of a wholesaler?
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Pergunta 34 Relatório
The pre-dominance of non-working housewives and maids in West Africa
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Pergunta 38 Relatório
Which of the following is not a component of national income at factor cost?
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Pergunta 40 Relatório
when the demand curve shift to the right it indicate that a larger quantity is demanded at each price. This is caused by one of the following
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Pergunta 41 Relatório
When the average physical product curve is rising the marginal physical product is
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Pergunta 44 Relatório
The central bank controls the activities of other banks by all but one of the following
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Pergunta 45 Relatório
The lowering of the exchange rate between country's currency and other currencies is known as
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Pergunta 48 Relatório
The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
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Pergunta 49 Relatório
| Number of Workers | Total Products |
| 1 | 10 |
| 2 | 28 |
| 3 | 48 |
| 4 | 72 |
| 5 | 80 |
Study the table above: What is the marginal product of the second worker?
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Pergunta 50 Relatório
In most cases the marginal utility derived from a particular good
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