JAMB UTME - Economics - 1984
Question 1 Rapport
One of the advantages of large - scale production is that
Détails de la réponse
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.
Question 2 Rapport
In the diagram, (III) refers to the calculation of national income through the
Détails de la réponse
Question 4 Rapport
Which of the following is NOT true of debentures and debenture holders?
Détails de la réponse
Question 5 Rapport
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
Détails de la réponse
Question 7 Rapport
The basic principles of co-operative societies are those of?
Détails de la réponse
Question 11 Rapport
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
Détails de la réponse
"$$P_{x}/P_{m} > 1$$"
Question 12 Rapport
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
Détails de la réponse
Question 13 Rapport
For two substitution goods, the cross elastic of demand is?
Détails de la réponse
Question 14 Rapport
Which of the following does NOT represent the behavior of a monopolist?
Détails de la réponse
Question 15 Rapport
The main economic objective behind the production of goods and services in any economy is to?
Détails de la réponse
Question 16 Rapport
The population level that yields the maximum output when combined with available resources is known as
Détails de la réponse
Question 17 Rapport
pricing and output decisions of sellers are highly interdependent in markets known as?
Détails de la réponse
Question 18 Rapport
Which of the following is NOT a determinant of the size economically active population?
Détails de la réponse
Question 22 Rapport
The advantages that accrue to a firm as the size of the firm increases are known as
Détails de la réponse
Question 23 Rapport
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
Détails de la réponse
Question 24 Rapport
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?
Détails de la réponse
Question 25 Rapport
In the diagram III refers to the calculationof national income through the
Détails de la réponse
Question 27 Rapport
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
Détails de la réponse
Question 28 Rapport
Which Of the following is NOT an obstacle to economic development?
Détails de la réponse
Question 29 Rapport
One of the major effects of an increase in government expenditure on a nation’s economy is that it?
Détails de la réponse
Question 30 Rapport
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
Détails de la réponse
Question 31 Rapport
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
Détails de la réponse
Question 32 Rapport
In the diagram I refers to the calculation of national income through the
Détails de la réponse
Question 33 Rapport
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
Détails de la réponse
Question 34 Rapport
The most important factor determining the location of the cement industry in Nigeria today is ?
Détails de la réponse
Question 35 Rapport
Which Of the following is NOT an obstacle to economic development?
Détails de la réponse
Question 36 Rapport
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
Détails de la réponse
Question 37 Rapport
In the diagram, (I) refers to the calculation of national income through the
Détails de la réponse
Question 38 Rapport
Public expenditure on services, such as education and health, is known as expenditure on
Détails de la réponse
Question 39 Rapport
If a person demands money for buying and selling securities. It is referred as demanding money for
Détails de la réponse
Question 40 Rapport
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?
Détails de la réponse
Question 41 Rapport
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?
Détails de la réponse
Question 43 Rapport
A rightward shift in the production possibility frontier may be due to
Détails de la réponse
Question 44 Rapport
The following except ONE, are the differences between international trade and internal trade?
Détails de la réponse
Question 46 Rapport
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
Détails de la réponse
Question 48 Rapport
Which of the following is NOT a feature of economic underdevelopment of a country?
Détails de la réponse
Question 49 Rapport
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?
Détails de la réponse
