JAMB UTME - Economics - 1982
Question 1 Rapport
If the Central Bank intends to increase the money supply through open market operations then it will
Détails de la réponse
Question 2 Rapport
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?
Détails de la réponse
Question 3 Rapport
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?
Détails de la réponse
Question 5 Rapport
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
Détails de la réponse
Question 6 Rapport
Taxes which are levied on a person’s expenditures are known as?
Détails de la réponse
Question 7 Rapport
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
Détails de la réponse
Question 8 Rapport
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,
Détails de la réponse
Question 10 Rapport
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Détails de la réponse
Question 13 Rapport
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
Détails de la réponse
Question 14 Rapport
Which of the following countries is NOT a member of the economic Community of West African States?
Détails de la réponse
Question 16 Rapport
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
Détails de la réponse
Question 18 Rapport
which is not responsible for the decline in food production in West Africa?
Détails de la réponse
Question 19 Rapport
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
Détails de la réponse
Question 20 Rapport
The supply of and demand for goods and services are influenced by the?
Détails de la réponse
Question 21 Rapport
The most dominant economic activity which employs the largest number of people in West Africa is?
Détails de la réponse
Question 22 Rapport
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
Détails de la réponse
Question 23 Rapport
| 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
Détails de la réponse
Question 24 Rapport
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
Détails de la réponse
Question 25 Rapport
The chief sources of Federal Government revenue in Nigeria are?
Détails de la réponse
Question 29 Rapport
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?
Détails de la réponse
Question 30 Rapport
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
Détails de la réponse
Question 31 Rapport
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
Détails de la réponse
Question 32 Rapport
Public enterprises are supported on the grounds that they are undertaken for
Détails de la réponse
Question 33 Rapport
|
|
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?
Détails de la réponse
Question 37 Rapport
A commodity can be sold for two or more different prices if it is?
Détails de la réponse
Question 38 Rapport
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?
Détails de la réponse
Question 39 Rapport
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
Détails de la réponse
Question 40 Rapport
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Détails de la réponse
Question 41 Rapport
Balance of payments of a country explains the overall position of?
Détails de la réponse
Question 44 Rapport
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
Détails de la réponse
Question 45 Rapport
The equilibrium market price is determined at a point where?
Détails de la réponse
Question 47 Rapport
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
Détails de la réponse
Question 48 Rapport
Retailers are greater in numbers than wholesalers because?
Détails de la réponse
Question 49 Rapport
A good measure of the standard of living usually used for international comparison is
Détails de la réponse
Question 50 Rapport
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
Détails de la réponse
