JAMB UTME - Economics - 1983
Pergunta 2 Relatório
If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
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Pergunta 6 Relatório
Age-structure in Nigeria is such that the working age-group is in the years
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Pergunta 7 Relatório
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
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Pergunta 8 Relatório
Which of the following is NOT an advantage of localization of industries?
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Pergunta 9 Relatório
Which of thefollowing items is NOT an argument for locating industries in rural areas?
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Pergunta 11 Relatório
The monetary system that requires double coincidence of want is known as?
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Pergunta 12 Relatório
The meaningof 'Dumping' is selling goods in a foreign market
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Pergunta 13 Relatório
A greater burden of the taxes on essential goods is borne by the?
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Pergunta 14 Relatório
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
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Pergunta 15 Relatório
A major function of middlemen in Nigeria is the distribution of?
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Pergunta 16 Relatório
The maintenance of general economic stability in the country necessarily relies heavily on?
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Pergunta 18 Relatório
A Nigerian household's demand curve for semovita is downward because?
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Pergunta 23 Relatório
Agriculture plays a dominant role in West Africa economics because
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Pergunta 26 Relatório
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
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Pergunta 29 Relatório
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
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Pergunta 30 Relatório
Which of the following is NOT include in measuring national income by the income approach?
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Pergunta 31 Relatório
Comparative cost doctrine of international trade means specialization in production
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Pergunta 32 Relatório
Palm oil industry is located in Bendel State because the State?
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Pergunta 33 Relatório
Public expenditure creates expansionary effects in the economy when it is
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Pergunta 37 Relatório
In an inflationary period which of the following statements is NOT true?
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Pergunta 38 Relatório
Which of the following sets fully represents factors of production?
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Pergunta 39 Relatório
The supply of loanable funds is significantly influenced by?
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Pergunta 40 Relatório
In the diagram P1 S is a supply curve for a manufactured. its shows that
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Pergunta 41 Relatório
Which of the following defines Economics most comprehensively?
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Pergunta 42 Relatório
In the event of a limited liability company going into liquidation each
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Pergunta 43 Relatório
Division of labour has many advantages . Not withstanding, it is greatly limited by?
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Pergunta 45 Relatório
The quickest way of achieving an economic union on regional basis is to remove all?
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Pergunta 46 Relatório
The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?
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Pergunta 47 Relatório
Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15 Basedon the above production possibilities table, the real cost of a unit of food when alternative R is selected is?
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Pergunta 48 Relatório
If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will added less to the output than previous units of the labour. This concept is known as?
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Pergunta 49 Relatório
The effect of emigration on a country's population, all other things remaining equal, is to
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Pergunta 50 Relatório
In perfect competition a firm's price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm's marginal cost (MC)?
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