JAMB UTME - Economics - 1980

Indicate which of the following are invisible trade items in a country’s balance of payments?

If a firm doubles its output and its cost increase by 60%, the firm is experiencing

Which would you NOT consider an agro-based industry in Nigeria?

By balance of visible trade we mean?

Which would you NOT consider an advantage of one-man business?

Which of the following is NOT a function of Nigeria commercial Banks?

A commercial bank is able to create money

Utility of a commodity means?

Which of the following is a correct definition of equilibrium price?

When we draw a market demand curve, we?

In Nigeria, cheques are not money because?

The terms of trade are said to be favorable only if

Which of the taxes appear generally progressive in nature?

In a limited liability company, the greatest risk is borne by?

Which is NOT a method of raising capital funds in Nigeria?

Which is NOT a function of Central Bank in West Africa

Capital earns income because?

The marginal physical product of labour is?

International trade arise because?

Division of labour is limited by the?

Which sector can you say is growing fastest in the Nigeria economy?

The budget of Nigeria will be deficit if

From an economic point of view, an activity does not have a cost when

Production in Economics occurs when

The value of money depends primarily on?

If you do not have to give anything in order to get a particular thing, then its opportunity cost is?

If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as

Commercial banks can create money in the following ways?

In a subsistence economy?

An economic problem arises when?

Nigeria earns the major part of her foreign exchange from the export of?

One of the disadvantages of division of labour is that?

Division of labour means?

Which of the following is NOT one of the balance of payment entries?

If the government is interested in raising the highest revenue from a tax system, then for any two commodities

Price control indicate the following

A disadvantage of the corporate form of business is the?

Which of the following is NOT a determinant of changes in supply?

In a free market economy, the rationing of scarce goods is done principally by

Commercial banks can create money in the following ways

Which of the following is the standard concept for measuring and analyzing population growth?

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?

The fundamental problem of Economics is?

Which of the following is NOT a measure for controlling inflation?

Which is the dominant form of tax in Nigeria

Which is NOT a cause of high population growth in Nigeria?

In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid

In a normal (typical) demand schedule, the quantity demand is?

A limited liability company is owned by?

By subsistence production we mean?