JAMB UTME - Economics - 1993
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The above diagram showing the maximum possible combination of commodities X and Y produced in Nigeria is called the
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Which of the following are the advantages of Nigeria's membership of ECOWAS? i A greater opportunity for trade according to comparative cost advantage.
Ii A large market industries producing under condition of decreasing cost.
Iii Competition for home based monopoly firms
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The most popularly adopted industrialization strategy in West Africa is?
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Which of the following are the major disadvantage of direct system of taxation?i, Disincentive of hard work
Ii,Difficulties in assessment and collection
Iii, imperfection in tax assessment.
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From the diagram above, a shift in the demand curve from DoDo to D1D1 implies
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What type of unemployment is revealed by the dotted lines on the graph?
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Which of the following functions does the wholesaler perform to save the retailer burden of carrying large stocks?`
I Breaking the bulk
Ii Packing the goods in smaller containers
Iii Providing vital information
Iv Grant credit facilities
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In thediagram above, what is the lowest possible price the monopolist could charge and still break even without there being excess demand?
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In the diagram, the marginal propensity to consume (MPC) is equal to
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