JAMB UTME - Economics - 1984
Ibeere 1 Ìròyìn
In the diagram, (III) refers to the calculation of national income through the
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Ibeere 2 Ìròyìn
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
Ibeere 3 Ìròyìn
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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Ibeere 4 Ìròyìn
The most important characteristic of money is?
Ibeere 5 Ìròyìn
Which of the following is NOT true of debentures and debenture holders?
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Ibeere 6 Ìròyìn
A demand curve slopes downwards because of ?
Ibeere 10 Ìròyìn
Public expenditure on services, such as education and health, is known as expenditure on
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Ibeere 11 Ìròyìn
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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Ibeere 12 Ìròyìn
The advantages that accrue to a firm as the size of the firm increases are known as
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Ibeere 14 Ìròyìn
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Ibeere 15 Ìròyìn
One of the advantages of large - scale production is that
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The usage of machinery helps to oversee in a large scale of production which in turn covers the high amount in time consumption. This makes room for the efficiency of labour as compared to the usage of manpower.
Ibeere 16 Ìròyìn
In the diagram I refers to the calculation of national income through the
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Ibeere 17 Ìròyìn
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
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Ibeere 18 Ìròyìn
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Ibeere 19 Ìròyìn
The main economic objective behind the production of goods and services in any economy is to?
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Ibeere 20 Ìròyìn
The following except ONE, are the differences between international trade and internal trade?
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Ibeere 21 Ìròyìn
Which of the following is NOT a feature of economic underdevelopment of a country?
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Ibeere 24 Ìròyìn
If a person demands money for buying and selling securities. It is referred as demanding money for
Ibeere 25 Ìròyìn
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
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Ibeere 26 Ìròyìn
In the diagram, (I) refers to the calculation of national income through the
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Ibeere 28 Ìròyìn
pricing and output decisions of sellers are highly interdependent in markets known as?
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Ibeere 29 Ìròyìn
In the diagram III refers to the calculationof national income through the
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Ibeere 30 Ìròyìn
A rightward shift in the production possibility frontier may be due to
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Ibeere 32 Ìròyìn
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
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Ibeere 33 Ìròyìn
The question below is based on the table below:
The international production set for Nigeria and Austria is:
From the table, it can be deduced that?
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Ibeere 34 Ìròyìn
Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if
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"$$P_{x}/P_{m} > 1$$"
Ibeere 35 Ìròyìn
The most important factor determining the location of the cement industry in Nigeria today is ?
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Ibeere 36 Ìròyìn
Which of the following does NOT represent the behavior of a monopolist?
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Ibeere 39 Ìròyìn
Which of the following is NOT a determinant of the size economically active population?
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Ibeere 42 Ìròyìn
The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?
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Ibeere 43 Ìròyìn
The question below is based on the table below:
The international production set for Nigeria and Austria is:
The opportunity cost ratio for cocoa and lace for Austria and Nigeria is
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Ibeere 44 Ìròyìn
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
Ibeere 46 Ìròyìn
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
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Ibeere 48 Ìròyìn
Which Of the following is NOT an obstacle to economic development?
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