JAMB UTME - Economics - 1983
Frage 1 Bericht
In perfect competition a firm's price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm's marginal cost (MC)?
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Frage 2 Bericht
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
Frage 4 Bericht
The effect of emigration on a country's population, all other things remaining equal, is to
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Frage 6 Bericht
Age-structure in Nigeria is such that the working age-group is in the years
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Frage 7 Bericht
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
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Frage 8 Bericht
The quickest way of achieving an economic union on regional basis is to remove all?
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Frage 12 Bericht
The maintenance of general economic stability in the country necessarily relies heavily on?
Frage 14 Bericht
Which of the following is NOT an advantage of localization of industries?
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Frage 16 Bericht
Disequilibrium in the balance of payment means?
Frage 24 Bericht
Division of labour has many advantages . Not withstanding, it is greatly limited by?
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Frage 25 Bericht
Which of the following is NOT include in measuring national income by the income approach?
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Frage 26 Bericht
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
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Frage 28 Bericht
The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?
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Frage 30 Bericht
In an inflationary period which of the following statements is NOT true?
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Frage 32 Bericht
A Nigerian household's demand curve for semovita is downward because?
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Frage 33 Bericht
If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will added less to the output than previous units of the labour. This concept is known as?
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Frage 38 Bericht
Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15 Basedon the above production possibilities table, the real cost of a unit of food when alternative R is selected is?
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Frage 39 Bericht
Which of thefollowing items is NOT an argument for locating industries in rural areas?
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Frage 40 Bericht
Comparative cost doctrine of international trade means specialization in production
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Frage 42 Bericht
Public expenditure creates expansionary effects in the economy when it is
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Frage 43 Bericht
In the diagram P1 S is a supply curve for a manufactured. its shows that
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Frage 45 Bericht
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
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Frage 46 Bericht
In the event of a limited liability company going into liquidation each
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Frage 48 Bericht
If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
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Frage 49 Bericht
The monetary system that requires double coincidence of want is known as?
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