JAMB UTME - Economics - 1982
Pregunta 2 Informe
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
Detalles de la respuesta
Pregunta 3 Informe
The equilibrium market price is determined at a point where?
Detalles de la respuesta
Pregunta 5 Informe
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
Detalles de la respuesta
Pregunta 6 Informe
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
Detalles de la respuesta
Pregunta 7 Informe
The chief sources of Federal Government revenue in Nigeria are?
Detalles de la respuesta
Pregunta 8 Informe
The most dominant economic activity which employs the largest number of people in West Africa is?
Detalles de la respuesta
Pregunta 9 Informe
Taxes which are levied on a person’s expenditures are known as?
Detalles de la respuesta
Pregunta 10 Informe
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
Detalles de la respuesta
Pregunta 12 Informe
Balance of payments of a country explains the overall position of?
Detalles de la respuesta
Pregunta 13 Informe
A good measure of the standard of living usually used for international comparison is
Detalles de la respuesta
Pregunta 17 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
Detalles de la respuesta
Pregunta 18 Informe
Retailers are greater in numbers than wholesalers because?
Detalles de la respuesta
Pregunta 19 Informe
which is not responsible for the decline in food production in West Africa?
Detalles de la respuesta
Pregunta 20 Informe
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Detalles de la respuesta
Pregunta 21 Informe
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
Detalles de la respuesta
Pregunta 22 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?
Detalles de la respuesta
Pregunta 23 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?
Detalles de la respuesta
Pregunta 25 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
Detalles de la respuesta
Pregunta 26 Informe
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
Detalles de la respuesta
Pregunta 28 Informe
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
Detalles de la respuesta
Pregunta 29 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?
Detalles de la respuesta
Pregunta 30 Informe
Full equilibrium under perfect competition requires that?
Detalles de la respuesta
Pregunta 31 Informe
The PAYE (Pay As You Earn) in Nigeria is an example of?
Detalles de la respuesta
Pregunta 33 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
Detalles de la respuesta
Pregunta 34 Informe
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
Detalles de la respuesta
Pregunta 35 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?
Detalles de la respuesta
Pregunta 37 Informe
The supply of and demand for goods and services are influenced by the?
Detalles de la respuesta
Pregunta 38 Informe
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
Detalles de la respuesta
Pregunta 39 Informe
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Detalles de la respuesta
Pregunta 41 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
Detalles de la respuesta
Pregunta 43 Informe
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
Detalles de la respuesta
Pregunta 44 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?
Detalles de la respuesta
Pregunta 45 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,
Detalles de la respuesta
Pregunta 46 Informe
A commodity can be sold for two or more different prices if it is?
Detalles de la respuesta
Pregunta 48 Informe
Which of the following countries is NOT a member of the economic Community of West African States?
Detalles de la respuesta
Pregunta 49 Informe
Public enterprises are supported on the grounds that they are undertaken for
Detalles de la respuesta
Pregunta 50 Informe
If the Central Bank intends to increase the money supply through open market operations then it will
Detalles de la respuesta
