JAMB UTME - Economics - 1986
Question 1 Rapport
A country has a population distribution as shown below:
The dependency ratio is
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Question 3 Rapport
Which of the following causes of inflation is related to demand-pull inflation?
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Question 4 Rapport
Which of the following is an external economy derived by a firm?
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Question 6 Rapport
What fundamentally determines how much a consumer spends in a producer's shop?
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Question 7 Rapport
In the normal channels of distribution the breaking of bulk is performed by the
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Question 9 Rapport
Which of the following methods is most likely to lead an economy?
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Question 11 Rapport
The most important advantage of co-operative societies is?
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Question 14 Rapport
One major difference between monopoly and perfect competition is that?
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Question 15 Rapport
The difference between the Gross Domestic Product and the Gross National Product is?
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Question 17 Rapport
The term of trade often measured by the ratio of the index of export
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Question 18 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?
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Question 20 Rapport
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Question 21 Rapport
Deflation is a persistent fall in the general price level and is usually caused by?
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Question 22 Rapport
Which of the following is a characteristic of private limited liability company?
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Question 25 Rapport
Which of the following is used by the Central Bank to control the rate of interest?
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Question 26 Rapport
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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Question 27 Rapport
Which of the following advantages of localization of industries may also be a disadvantage?
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Question 28 Rapport
A monopolist will practice price discrimination in two markets if?
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Question 29 Rapport
To control inflation, the monetary authorities of a country can?
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Question 32 Rapport
Under normal circumstances the concept of consumers sovereignty implies that
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Question 35 Rapport
One of the advantages of a partnership over a sole proprietorship is that?
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Question 37 Rapport
A firm achieves least cost in production by substituting factors until
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Question 40 Rapport
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Question 41 Rapport
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Question 42 Rapport
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
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Question 43 Rapport
Which of the following is an important function of prices in a market economy?
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Question 45 Rapport
Which of the following statements describes a mixed economy?
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Question 46 Rapport
Which of the following strategies will provide more employment opportunities for Nigerians?
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Question 47 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?
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Question 49 Rapport
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Question 50 Rapport
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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