JAMB UTME - Economics - 1980

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

Division of labour is limited by the?

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

Which is NOT a function of Central Bank in West Africa

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

The marginal physical product of labour is?

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

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

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

The fundamental problem of Economics is?

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?

By subsistence production we mean?

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

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

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

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

The value of money depends primarily on?

Commercial banks can create money in the following ways

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

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

Price control indicate the following

Which is the dominant form of tax in Nigeria

When we draw a market demand curve, we?

One of the disadvantages of division of labour is that?

A disadvantage of the corporate form of business is the?

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

An economic problem arises when?

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

A commercial bank is able to create money

The budget of Nigeria will be deficit if

Commercial banks can create money in the following ways?

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

Production in Economics occurs when

International trade arise because?

In a subsistence economy?

By balance of visible trade we mean?

Which of the taxes appear generally progressive in nature?

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

Utility of a commodity means?

Division of labour means?

Capital earns income because?

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

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

A limited liability company is owned by?

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

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

In Nigeria, cheques are not money because?

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

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