JAMB UTME - Economics - 1980

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

Division of labour is limited by the?

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

By subsistence production we mean?

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

In Nigeria, cheques are not money because?

By balance of visible trade we mean?

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

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

One of the disadvantages of division of labour is that?

In a subsistence economy?

An economic problem arises when?

The budget of Nigeria will be deficit if

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

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

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

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

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

Price control indicate the following

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

A commercial bank is able to create money

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

Division of labour means?

The value of money depends primarily on?

Capital earns income because?

International trade arise because?

Which is the dominant form of tax in Nigeria

Utility of a commodity means?

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

Production in Economics occurs when

When we draw a market demand curve, we?

Commercial banks can create money in the following ways?

Commercial banks can create money in the following ways

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

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?

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

A limited liability company is owned by?

Which is NOT a function of Central Bank in West Africa

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

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

The fundamental problem of Economics is?

Which of the taxes appear generally progressive in nature?

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

A disadvantage of the corporate form of business is the?

The terms of trade are said to be favorable only if

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

The marginal physical product of labour is?

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

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