JAMB UTME - Economics - 1982
Pregunta 1 Informe
The chief sources of Federal Government revenue in Nigeria are?
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Pregunta 2 Informe
Full equilibrium under perfect competition requires that?
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Pregunta 3 Informe
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?
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Pregunta 4 Informe
Taxes which are levied on a person’s expenditures are known as?
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Pregunta 6 Informe
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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Pregunta 7 Informe
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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Pregunta 8 Informe
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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Pregunta 9 Informe
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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Pregunta 10 Informe
The PAYE (Pay As You Earn) in Nigeria is an example of?
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Pregunta 11 Informe
A good measure of the standard of living usually used for international comparison is
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Pregunta 12 Informe
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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Pregunta 13 Informe
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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Pregunta 14 Informe
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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Pregunta 15 Informe
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
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Pregunta 17 Informe
| 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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Pregunta 19 Informe
The main economic goal of ECOWAS is the attainment of ?
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Pregunta 21 Informe
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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Pregunta 22 Informe
which is not responsible for the decline in food production in West Africa?
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Pregunta 24 Informe
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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Pregunta 25 Informe
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
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Pregunta 26 Informe
The most dominant economic activity which employs the largest number of people in West Africa is?
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Pregunta 27 Informe
Public enterprises are supported on the grounds that they are undertaken for
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Pregunta 28 Informe
|
|
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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Pregunta 29 Informe
Balance of payments of a country explains the overall position of?
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Pregunta 30 Informe
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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Pregunta 31 Informe
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
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Pregunta 32 Informe
The equilibrium market price is determined at a point where?
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Pregunta 33 Informe
If the Central Bank intends to increase the money supply through open market operations then it will
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Pregunta 35 Informe
A commodity can be sold for two or more different prices if it is?
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Pregunta 38 Informe
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
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Pregunta 40 Informe
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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Pregunta 42 Informe
Which of the following countries is NOT a member of the economic Community of West African States?
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Pregunta 43 Informe
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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Pregunta 45 Informe
The supply of and demand for goods and services are influenced by the?
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Pregunta 46 Informe
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
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Pregunta 47 Informe
Retailers are greater in numbers than wholesalers because?
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Pregunta 48 Informe
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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Pregunta 50 Informe
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
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