JAMB UTME - Economics - 1981
Frage 1 Bericht
Which of the following is NOT a visible item on international trade payment?
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Frage 2 Bericht
Which of the following statement does NOT describe a situation of perfect competition.?
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Frage 3 Bericht
A movement along a given demand curve for a good is caused by a change in
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Frage 4 Bericht
Which of the following is NOT a visible iterm in international trade payments?`
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Frage 8 Bericht
An increase in the price of butter causes an increase in the demand for margarine. This indicate that butter and margarine are?
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Frage 9 Bericht
The infant industry argument for protection in developing countries recognizes the needs to employ tariffs to protect
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Frage 10 Bericht
Which of the following is NOT a characteristic of perfect competition?
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Frage 11 Bericht
The process by which West African countries attempt to reduce the import of manufactured goods by encouraging firms to produce these goods at homes is known as?
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Frage 14 Bericht
If the income of a consumer rises and his demand for good X falls, good X can be described as
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Frage 15 Bericht
Which of the following is NOT a major function of a Central Bank?
Frage 20 Bericht
If P8 and P9 represent the population of West African in 1978 and 1979 respectively, and given that in 1979.
D= number of deaths, B= number of births, I= number of immigrants, E= number of Emigrants. Then the size of the population in 1979 is given by
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Frage 22 Bericht
Summary of product condition in countries i and ii
Amount of labour days, cocoa(tons) Cloth(tons)
Country i 200 600 900
country ii 200 300 800
From the above table, we can correctly say in respect of international trade that
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Frage 23 Bericht
|
|
Amount of labour days |
Cocoa (tons) |
Cloth (metres) |
| Country I |
200 |
600 |
900 |
| Country II |
200 |
300 |
800 |
Summary of production conditions in countries l and ll.
From the table, we can correctly say in respect of international trade that
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Frage 24 Bericht
Which of the following does NOT belong in respect of the quantity of money?
Frage 25 Bericht
In this diagram, So So is the original supply curve while S1 S1 represent?
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Frage 28 Bericht
| Price per tin | Demand per week | Supply per week |
| ₦6 | 0 tins | 45 tins |
| ₦5 | 5 tins | 35 tins |
| ₦4 | 10 tins | 25 tins |
| ₦3 | 15 tins | 15 tins |
| ₦2 | 20 tins | 5 tins |
| ₦1 | 25 tins | 0 tins |
Market for Garri: At a price of N5, the excess supply is`
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Frage 29 Bericht
Market Schedules for Milk:
| Price per tin | Quantity demanded (tins) | Quantity supplied (tins) |
| 8k | 25,000 | 7,500 |
| 10k | 23,000 | 9,000 |
| 13k | 20,000 | 11,500 |
| 15k | 18,000 | 13,000 |
| 18k | 15,000 | 15,000 |
| 20k | 13,000 | 17,500 |
| 23k | 10,000 | 21,000 |
| 25k | 8,000 | 24,000 |
From the market demand and supply schedules for milk, we can say that equilibrium price and quantity are
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Frage 31 Bericht
Government in West Africa countries engage in running a number of enterprises because ?
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Frage 32 Bericht
An economy in which both the public and the private sectors contribute substantially to the growth of output is?
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Frage 33 Bericht
Given the international trade statistics of Nigeria for the past 6 years, which of these statements would you consider to be correct?
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Frage 36 Bericht
Which of the following statement is NOT true about agriculture in West Africa?
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Frage 37 Bericht
The situation whereby in a fiscal year a government’s revenue receipt are less than its expenditures is referred to as?
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Frage 38 Bericht
|
|
Sector 1 |
Sector 2 |
Sector 3 |
Sector 4 |
| Share in total National Output |
25% |
10% |
50% |
15% |
| Share in total Employment |
60% |
10% |
5% |
25% |
| Growth rate of Sectoral Output |
2% |
5% |
10% |
3% |
From the above, the Growth Rate of Total National Output or GDP is
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Frage 40 Bericht
Which of the following statements does NOT describe a situation of perfect competition?
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Frage 41 Bericht
Which of the following alternatives will NOT assist in checking the population growth in West Africa countries?
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Frage 42 Bericht
'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?
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Frage 44 Bericht
Which of the following is NOT true about specialization or division of labour?
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Frage 45 Bericht
One of the probable effects of an increased minimum wage in Nigeria is?
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Frage 46 Bericht
Which is NOT an important factor responsible for high concentration of population in some part of Nigeria?
Frage 47 Bericht
If a commodity has many substitutes, it is most likely that?
Frage 49 Bericht
Prohibiting the sale of lace materials in Nigeria would probably lead to?
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