JAMB UTME - Economics - 1986
Question 2 Rapport
Which of the following causes of inflation is related to demand-pull inflation?
Détails de la réponse
Question 4 Rapport
A firm achieves least cost in production by substituting factors until
Détails de la réponse
Question 5 Rapport
One of the advantages of a partnership over a sole proprietorship is that?
Détails de la réponse
Question 6 Rapport
Under normal circumstances the concept of consumers sovereignty implies that
Détails de la réponse
Question 8 Rapport
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
Détails de la réponse
Question 11 Rapport
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
Détails de la réponse
Question 12 Rapport
A country has a population distribution as shown below:
The dependency ratio is
Détails de la réponse
Question 13 Rapport
One major difference between monopoly and perfect competition is that?
Détails de la réponse
Question 14 Rapport
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
Détails de la réponse
Question 15 Rapport
To control inflation, the monetary authorities of a country can?
Détails de la réponse
Question 17 Rapport
The revenue accruing to the seller of commodity X as a result of a fall in price will
Détails de la réponse
Question 18 Rapport
Which of the following methods is most likely to lead an economy?
Détails de la réponse
Question 23 Rapport
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
Détails de la réponse
Question 24 Rapport
Which of the following advantages of localization of industries may also be a disadvantage?
Détails de la réponse
Question 27 Rapport
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
Détails de la réponse
Question 28 Rapport
What fundamentally determines how much a consumer spends in a producer's shop?
Détails de la réponse
Question 29 Rapport
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
Détails de la réponse
Question 30 Rapport
In the normal channels of distribution the breaking of bulk is performed by the
Détails de la réponse
Question 31 Rapport
Which of the following is an external economy derived by a firm?
Détails de la réponse
Question 34 Rapport
The most important advantage of co-operative societies is?
Détails de la réponse
Question 35 Rapport
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
Détails de la réponse
Question 37 Rapport
Deflation is a persistent fall in the general price level and is usually caused by?
Détails de la réponse
Question 39 Rapport
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Détails de la réponse
Question 41 Rapport
Which of the following strategies will provide more employment opportunities for Nigerians?
Détails de la réponse
Question 42 Rapport
The difference between the Gross Domestic Product and the Gross National Product is?
Détails de la réponse
Question 43 Rapport
Which of the following statements describes a mixed economy?
Détails de la réponse
Question 44 Rapport
Which of the following is used by the Central Bank to control the rate of interest?
Détails de la réponse
Question 45 Rapport
Which of the following is a characteristic of private limited liability company?
Détails de la réponse
Question 47 Rapport
Which of the following is an important function of prices in a market economy?
Détails de la réponse
Question 49 Rapport
A monopolist will practice price discrimination in two markets if?
Détails de la réponse
Question 50 Rapport
The term of trade often measured by the ratio of the index of export
Détails de la réponse
