JAMB UTME - Economics - 1984
Pergunta 1 Relatório
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Pergunta 2 Relatório
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.
Pergunta 3 Relatório
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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Pergunta 4 Relatório
The advantages that accrue to a firm as the size of the firm increases are known as
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Pergunta 7 Relatório
Public expenditure on services, such as education and health, is known as expenditure on
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Pergunta 8 Relatório
Which of the following does NOT represent the behavior of a monopolist?
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Pergunta 10 Relatório
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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Pergunta 12 Relatório
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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"$$P_{x}/P_{m} > 1$$"
Pergunta 13 Relatório
The main economic objective behind the production of goods and services in any economy is to?
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Pergunta 14 Relatório
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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Pergunta 16 Relatório
In the diagram, (III) refers to the calculation of national income through the
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Pergunta 17 Relatório
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
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Pergunta 18 Relatório
Which of the following is NOT a feature of economic underdevelopment of a country?
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Pergunta 19 Relatório
In the diagram I refers to the calculation of national income through the
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Pergunta 20 Relatório
One of the major effects of an increase in government expenditure on a nation’s economy is that it?
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Pergunta 21 Relatório
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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Pergunta 22 Relatório
For two substitution goods, the cross elastic of demand is?
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Pergunta 23 Relatório
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
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Pergunta 24 Relatório
The basic principles of co-operative societies are those of?
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Pergunta 26 Relatório
The population level that yields the maximum output when combined with available resources is known as
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Pergunta 28 Relatório
Which of the following is NOT true of debentures and debenture holders?
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Pergunta 29 Relatório
The most important factor determining the location of the cement industry in Nigeria today is ?
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Pergunta 30 Relatório
A rightward shift in the production possibility frontier may be due to
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Pergunta 32 Relatório
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
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Pergunta 33 Relatório
If a person demands money for buying and selling securities. It is referred as demanding money for
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Pergunta 34 Relatório
The following except ONE, are the differences between international trade and internal trade?
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Pergunta 35 Relatório
In the diagram III refers to the calculationof national income through the
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Pergunta 36 Relatório
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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Pergunta 37 Relatório
pricing and output decisions of sellers are highly interdependent in markets known as?
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Pergunta 38 Relatório
Which Of the following is NOT an obstacle to economic development?
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Pergunta 40 Relatório
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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Pergunta 41 Relatório
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Pergunta 44 Relatório
In the diagram, (I) refers to the calculation of national income through the
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Pergunta 46 Relatório
Which Of the following is NOT an obstacle to economic development?
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Pergunta 47 Relatório
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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Pergunta 48 Relatório
Which of the following is NOT a determinant of the size economically active population?
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Pergunta 49 Relatório
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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