JAMB UTME - Economics - 1986 | Green Bridge CBT

Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?

N100.00

N1,000.00

N9,000.00

N10,000.00

Maelezo ya Majibu

Soma maelezo ya somo kwenye Banking (JAMB)

Banking

Tazama Jibu

Swali 42 Ripoti

Which of the following is an important function of prices in a market economy?

Ensuring that resources are used in the most efficient manner

Ensuring an equitable distribution of goods and services

Ensuring that all industries are perfectly competitive in the long run

Equating level of purchases with level of needs

Maelezo ya Majibu

Soma maelezo ya somo kwenye Economics As A Science (JAMB)

Soma maelezo ya somo kwenye Economic Systems (JAMB)

Economics As A Science

Economic Systems

Tazama Jibu

Swali 43 Ripoti

The most important advantage of co-operative societies is?

their high degree of democracy

the increase inthe cost of marketing

that member are encouraged to save money

the possibility of raising loans for the members

Maelezo ya Majibu

Soma maelezo ya somo kwenye Business Organizations (JAMB)

Soma maelezo ya somo kwenye Business Organizations (WAEC)

Business Organizations

Tazama Jibu

Swali 44 Ripoti

Which of the following is NOT a goal of modern budgets?

The control of inflation

The reduction in income inequality

The shift of all resources from the private to the public sector

Economic development

Maelezo ya Majibu

Soma maelezo ya somo kwenye Public Finance (WAEC)

Soma maelezo ya somo kwenye Public Finance (JAMB)

Public Finance

Tazama Jibu

Swali 45 Ripoti

In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The

individual's money income

price of subtitutes

price of complementary goods

price of the commodity under consideration

Maelezo ya Majibu

Soma maelezo ya somo kwenye Theory Of Price Determination (WAEC)

Soma maelezo ya somo kwenye The Theory Of Demand (JAMB)

Theory Of Price Determination

The Theory Of Demand

Tazama Jibu

Swali 46 Ripoti

A producer sustains a loss in the short run if

marfinal revenue is less than price

price is less than average cost

average variable cost is less than average cost

marginal cost is less than marginal revenue

Maelezo ya Majibu

Soma maelezo ya somo kwenye Theory Of Price Determination (WAEC)

Soma maelezo ya somo kwenye Market Structures (WAEC)

Theory Of Price Determination

Market Structures

Tazama Jibu

Swali 47 Ripoti

An nation's distribution of income shows?

the value of all goods produce inthe economy

how income is divided among different groups

where the economy system is on its production possibility curve

the consumption behaviour of the people

Maelezo ya Majibu

Soma maelezo ya somo kwenye Methods And Tools Of Economic Analysis (JAMB)

Soma maelezo ya somo kwenye National Income (JAMB)

Methods And Tools Of Economic Analysis

National Income

Tazama Jibu

Swali 48 Ripoti

Tax incidence is the analysis of?

how progressive a tax is

how a tax is collected

hw distorting a tax is

who ultimately pays the tax

Maelezo ya Majibu

Soma maelezo ya somo kwenye Economics As A Science (JAMB)

Soma maelezo ya somo kwenye Economic Systems (JAMB)

Economics As A Science

Economic Systems

Tazama Jibu

Swali 49 Ripoti

Which of the following statements describes a mixed economy?

The government and the private sector interact in solving the basic economic problems

The invisible hand solves the basic economic problems

The government produces and distributes all goods and services

Society answers the 'what', 'how', and 'for whom' questions only through the market system

Maelezo ya Majibu

Soma maelezo ya somo kwenye Economic Systems (JAMB)

Economic Systems

Tazama Jibu

Swali 50 Ripoti

Population density refers to?

densely populated urban centres

the total area divided by the total population

densely populated rural areas

the total population divided by the total area

Maelezo ya Majibu

Tazama Jibu






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