JAMB UTME - Economics - 1984
Pregunta 1 Informe
Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if
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"$$P_{x}/P_{m} > 1$$"
Pregunta 2 Informe
Which of the following is NOT true of debentures and debenture holders?
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Pregunta 3 Informe
The following except ONE, are the differences between international trade and internal trade?
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Pregunta 4 Informe
Which of the following does NOT represent the behavior of a monopolist?
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Pregunta 5 Informe
In the diagram III refers to the calculationof national income through the
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Pregunta 6 Informe
One of the major effects of an increase in government expenditure on a nation’s economy is that it?
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Pregunta 7 Informe
If a person demands money for buying and selling securities. It is referred as demanding money for
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Pregunta 8 Informe
For two substitution goods, the cross elastic of demand is?
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Pregunta 9 Informe
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
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Pregunta 11 Informe
pricing and output decisions of sellers are highly interdependent in markets known as?
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Pregunta 13 Informe
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?
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Pregunta 14 Informe
The Central Bank instrument of control does NOT include
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Pregunta 15 Informe
The channel for food distribution in Nigeria consist of?
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Pregunta 16 Informe
Public expenditure on services, such as education and health, is known as expenditure on
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Pregunta 18 Informe
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Pregunta 19 Informe
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
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Pregunta 21 Informe
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
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Pregunta 22 Informe
A rightward shift in the production possibility frontier may be due to
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Pregunta 24 Informe
One of the advantages of large - scale production is that
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The usage of machinery helps to oversee in a large scale of production which in turn covers the high amount in time consumption. This makes room for the efficiency of labour as compared to the usage of manpower.
Pregunta 25 Informe
In the diagram, (I) refers to the calculation of national income through the
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Pregunta 26 Informe
The advantages that accrue to a firm as the size of the firm increases are known as
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Pregunta 27 Informe
The most important factor determining the location of the cement industry in Nigeria today is ?
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Pregunta 28 Informe
The question below is based on the table below:
The international production set for Nigeria and Austria is:
From the table, it can be deduced that?
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Pregunta 30 Informe
In the diagram, (III) refers to the calculation of national income through the
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Pregunta 31 Informe
Which of the following is NOT a determinant of the size economically active population?
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Pregunta 32 Informe
The population level that yields the maximum output when combined with available resources is known as
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Pregunta 33 Informe
Which Of the following is NOT an obstacle to economic development?
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Pregunta 34 Informe
The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?
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Pregunta 35 Informe
The basic principles of co-operative societies are those of?
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Pregunta 37 Informe
Which of the following is NOT a feature of economic underdevelopment of a country?
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Pregunta 38 Informe
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
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Pregunta 39 Informe
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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Pregunta 42 Informe
In the diagram I refers to the calculation of national income through the
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Pregunta 43 Informe
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
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Pregunta 45 Informe
Which Of the following is NOT an obstacle to economic development?
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Pregunta 47 Informe
The question below is based on the table below:
The international production set for Nigeria and Austria is:
The opportunity cost ratio for cocoa and lace for Austria and Nigeria is
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Pregunta 48 Informe
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Pregunta 49 Informe
The main economic objective behind the production of goods and services in any economy is to?
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Pregunta 50 Informe
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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