JAMB UTME - Economics - 1982
Frage 3 Bericht
which is not responsible for the decline in food production in West Africa?
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Frage 4 Bericht
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
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Frage 5 Bericht
Public enterprises are supported on the grounds that they are undertaken for
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Frage 6 Bericht
if AC = Average Cost of production ,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then,
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Frage 7 Bericht
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Frage 8 Bericht
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
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Frage 9 Bericht
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
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Frage 11 Bericht
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
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Frage 13 Bericht
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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Frage 16 Bericht
If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is
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Frage 19 Bericht
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Frage 20 Bericht
In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?
Frage 21 Bericht
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
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Frage 22 Bericht
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
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Frage 24 Bericht
Balance of payments of a country explains the overall position of?
Frage 26 Bericht
|
|
Share of gross national product (GNP) |
Share of total employment |
Growth rate of output |
| All agriculture |
40% |
70% |
3% |
| Industry and mining |
30% |
10% |
10% |
| Trade andservices |
30% |
20% |
5% |
What is the growth rate of GNP?
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Frage 27 Bericht
If the Central Bank intends to increase the money supply through open market operations then it will
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Frage 28 Bericht
In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the
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Frage 30 Bericht
Function of commercial banks do NOT include?
Frage 31 Bericht
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
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Frage 32 Bericht
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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Frage 35 Bericht
We can classify the people of Nigeria into three broad age group :Group one, 0-15years ; Group Two,16-64years; Group Three, 65years and above. Group Two is the most important economically because
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Frage 36 Bericht
Which of the following countries is NOT a member of the economic Community of West African States?
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Frage 38 Bericht
A good measure of the standard of living usually used for international comparison is
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Frage 40 Bericht
some of major problems hindering economic development in west Africa are in the areas of electricity supply, communication, educations and health. These items are known in Economics as?
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Frage 42 Bericht
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
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Frage 45 Bericht
| Unit of output |
Table cost |
| 1 |
20 |
| 2 |
32 |
| 3 |
42 |
| 4 |
48 |
| 5 |
50 |
in the above table, the marginal cost of the 3rd unit of output is
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Frage 46 Bericht
The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?
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Frage 47 Bericht
The sloping downward of the demand curve implies that?
Frage 48 Bericht
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
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Frage 49 Bericht
The supply of and demand for goods and services are influenced by the?
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Frage 50 Bericht
The most dominant economic activity which employs the largest number of people in West Africa is?
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