JAMB UTME - Economics - 1980

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

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

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

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

Division of labour means?

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

Which of the taxes appear generally progressive in nature?

Utility of a commodity means?

The fundamental problem of Economics is?

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

Production in Economics occurs when

Capital earns income because?

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

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

The value of money depends primarily on?

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

Price control indicate the following

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

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

Division of labour is limited by the?

Which is NOT a function of Central Bank in West Africa

An economic problem arises when?

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

Which is the dominant form of tax in Nigeria

The marginal physical product of labour is?

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

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

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

A commercial bank is able to create money

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?

Commercial banks can create money in the following ways?

One of the disadvantages of division of labour is that?

The budget of Nigeria will be deficit if

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

By balance of visible trade we mean?

A limited liability company is owned by?

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

By subsistence production we mean?

Commercial banks can create money in the following ways

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

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

When we draw a market demand curve, we?

In Nigeria, cheques are not money because?

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

The terms of trade are said to be favorable only if

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

International trade arise because?

In a subsistence economy?

A disadvantage of the corporate form of business is the?

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