JAMB UTME - Economics - 1985
Frage 1 Bericht
The process by which a country attempts to reduce the import of manufactured goods at home is described as?
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Frage 2 Bericht
A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?
Frage 3 Bericht
The amount of labour a producer hires relative to labour factor inputs depends on the?
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Frage 6 Bericht
Which of the following is a necessary prerequisite for trade by barter?
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Frage 7 Bericht
Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?
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Frage 10 Bericht
The act of combining factor inputs in order to obtain specific output is known as
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Frage 11 Bericht
The argument of tariff protection in less developed economies is that such a measure would
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Frage 12 Bericht
Which of the following is NOT a part of the fixed costs of a limited liability company?
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Frage 13 Bericht
Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?
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Frage 14 Bericht
The petro- chemical industries are located in the River State of Nigeria due to?
Frage 15 Bericht
An example of a regressive tax is?
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Examples of regressive taxes include sales taxes, user fees and, arguably, property taxes.
Frage 16 Bericht
How many National Development Plans did Nigeria have between 1960 and 1984?
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Frage 17 Bericht
If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
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Frage 18 Bericht
Tax which is levied on goods manufactured, sold or used within a country is?
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Frage 20 Bericht
The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?
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Frage 22 Bericht
If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to
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Frage 25 Bericht
Warehousing facilities in the distribution and marketing of products are provided by?
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Frage 26 Bericht
Which of the following is NOT among the canons of taxation as set out by Adam Smith?
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Frage 28 Bericht
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
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Frage 30 Bericht
One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?
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Frage 33 Bericht
The interdependence between households and business enterprises illustrated in the figure is known as
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Frage 35 Bericht
Under normal circumstances a producer will bear the entire burden of taxation on his output if the?
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Frage 37 Bericht
If monopoly is attempting to maximize profit which of the following should it attempt to do?
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Frage 38 Bericht
In the figure above, the broken line labelled M is the marginal revenue curve of a
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Frage 43 Bericht
Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?
Frage 44 Bericht
The inefficient distribution of scarce commodities in Nigeria is mostly due to the?
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Frage 47 Bericht
By terms of trade, we mean the?
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Terms of trade (TOT) refers to the relative price of imports in terms of exports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods.
Frage 48 Bericht
Optimum population is desirable because it enables an economy to obtain maximum?
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