JAMB UTME - Economics - 1980
Frage 1 Bericht
If you do not have to give anything in order to get a particular thing, then its opportunity cost is?
Antwortdetails
Frage 2 Bericht
If a firm doubles its output and its cost increase by 60%, the firm is experiencing
Antwortdetails
Frage 3 Bericht
If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as
Antwortdetails
Frage 5 Bericht
Which of the following is NOT one of the balance of payment entries?
Frage 15 Bericht
If the government is interested in raising the highest revenue from a tax system, then for any two commodities
Antwortdetails
Frage 16 Bericht
Which is NOT a function of Central Bank in West Africa
Frage 17 Bericht
Which of the following is NOT a function of Nigeria commercial Banks?
Antwortdetails
Frage 23 Bericht
In a normal (typical) demand schedule, the quantity demand is?
Frage 25 Bericht
By balance of visible trade we mean?
Frage 30 Bericht
From an economic point of view, an activity does not have a cost when
Antwortdetails
Frage 34 Bericht
When we draw a market demand curve, we?
Frage 36 Bericht
Which of the following is the standard concept for measuring and analyzing population growth?
Antwortdetails
Frage 37 Bericht
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?
Antwortdetails
Frage 38 Bericht
Indicate which of the following are invisible trade items in a country’s balance of payments?
Antwortdetails
Frage 45 Bericht
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
Antwortdetails
Frage 46 Bericht
Which of the following is a correct definition of equilibrium price?
Antwortdetails
Frage 47 Bericht
Nigeria earns the major part of her foreign exchange from the export of?
Frage 50 Bericht
In a free market economy, the rationing of scarce goods is done principally by
Antwortdetails
