JAMB UTME - Economics - 1986
Frage 1 Bericht
Under normal circumstances the concept of consumers sovereignty implies that
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Frage 2 Bericht
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Frage 5 Bericht
Which of the following advantages of localization of industries may also be a disadvantage?
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Frage 6 Bericht
Which of the following is a characteristic of private limited liability company?
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Frage 7 Bericht
Which of the following is NOT a goal of modern budgets?
Frage 9 Bericht
Which of the following is used by the Central Bank to control the rate of interest?
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Frage 13 Bericht
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
Frage 14 Bericht
Which of the following strategies will provide more employment opportunities for Nigerians?
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Frage 16 Bericht
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Frage 17 Bericht
Which of the following causes of inflation is related to demand-pull inflation?
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Frage 23 Bericht
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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Frage 25 Bericht
Which of the following is an important function of prices in a market economy?
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Frage 26 Bericht
The difference between the Gross Domestic Product and the Gross National Product is?
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Frage 27 Bericht
A firm achieves least cost in production by substituting factors until
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Frage 28 Bericht
One major difference between monopoly and perfect competition is that?
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Frage 31 Bericht
The term of trade often measured by the ratio of the index of export
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Frage 32 Bericht
What fundamentally determines how much a consumer spends in a producer's shop?
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Frage 34 Bericht
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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Frage 38 Bericht
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Frage 42 Bericht
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Frage 43 Bericht
A country has a population distribution as shown below:
The dependency ratio is
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Frage 44 Bericht
Deflation is a persistent fall in the general price level and is usually caused by?
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Frage 45 Bericht
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Frage 46 Bericht
In the normal channels of distribution the breaking of bulk is performed by the
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Frage 48 Bericht
One of the advantages of a partnership over a sole proprietorship is that?
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Frage 49 Bericht
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
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