JAMB UTME - Economics - 1980

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

Awọn alaye Idahun

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

Awọn alaye Idahun

The budget of Nigeria will be deficit if

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

An economic problem arises when?

Awọn alaye Idahun

Price control indicate the following

Awọn alaye Idahun

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

Awọn alaye Idahun

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?

Awọn alaye Idahun

The value of money depends primarily on?

Awọn alaye Idahun

Commercial banks can create money in the following ways

Awọn alaye Idahun

By subsistence production we mean?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

The fundamental problem of Economics is?

Awọn alaye Idahun

Which is the dominant form of tax in Nigeria

Awọn alaye Idahun

Which is NOT a function of Central Bank in West Africa

Awọn alaye Idahun

When we draw a market demand curve, we?

Awọn alaye Idahun

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

Awọn alaye Idahun

The terms of trade are said to be favorable only if

Awọn alaye Idahun

A disadvantage of the corporate form of business is the?

Awọn alaye Idahun

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

Awọn alaye Idahun

One of the disadvantages of division of labour is that?

Awọn alaye Idahun

Division of labour means?

Awọn alaye Idahun

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

Awọn alaye Idahun

Commercial banks can create money in the following ways?

Awọn alaye Idahun

By balance of visible trade we mean?

Awọn alaye Idahun

Utility of a commodity means?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

Which of the taxes appear generally progressive in nature?

Awọn alaye Idahun

Capital earns income because?

Awọn alaye Idahun

Production in Economics occurs when

Awọn alaye Idahun

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

Awọn alaye Idahun

Division of labour is limited by the?

Awọn alaye Idahun

A limited liability company is owned by?

Awọn alaye Idahun

In a subsistence economy?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

A commercial bank is able to create money

Awọn alaye Idahun

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

Awọn alaye Idahun

In Nigeria, cheques are not money because?

Awọn alaye Idahun

International trade arise because?

Awọn alaye Idahun

The marginal physical product of labour is?

Awọn alaye Idahun