JAMB UTME - Economics - 1985

At every point on a indifference curve, the

Study the figure above. At paint H the price elasticity of supply is

The age distribution of a population is NOT influenced by?

The unemployment associated with a recession is called?

An example of a regressive tax is?

The act of combining factor inputs in order to obtain specific output is known as

An economic problem exists whenever

Optimum population is desirable because it enables an economy to obtain maximum?

By terms of trade, we mean the?

Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?

Because money serves as a standard for deferred payments

The meaning of scale of preference is?

Under perfect competition, the long-run equilibrium requires?

The petro- chemical industries are located in the River State of Nigeria due to?

Under normal circumstances a producer will bear the entire burden of taxation on his output if the?

One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?

Tax which is levied on goods manufactured, sold or used within a country is?

The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?

How many National Development Plans did Nigeria have between 1960 and 1984?

Which of the following is NOT among the canons of taxation as set out by Adam Smith?

When total revenue is at a maximum, marginal revenue is?

The amount of labour a producer hires relative to labour factor inputs depends on the?

If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?

The purchasing power of the naira will fall when?

The inefficient distribution of scarce commodities in Nigeria is mostly due to the?

A state budget is an outline of planned

A firm is said to be a public Joint Stock Company when it?

Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?

Warehousing facilities in the distribution and marketing of products are provided by?

One main quality of a good is that it

Foreign exchange control in Nigeria is administered by the?

Which of the following is NOT a feature of underdevelopment?

One of the functions of the commercial banks is that it is?

The process by which a country attempts to reduce the import of manufactured goods at home is described as?

The interdependence between households and business enterprises illustrated in the figure is known as

The table above illustrates the law of

The argument of tariff protection in less developed economies is that such a measure would

In the table, the marginal cost when output is two, units is

Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?

Disguised unemployment

Which of the following is NOT a part of the fixed costs of a limited liability company?

In market economies, resources are allocated through the?

If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to

When a business has unlimited liability

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?

Limited liability means?

In the figure above, the broken line labelled M is the marginal revenue curve of a

Which of the following is a necessary prerequisite for trade by barter?

If monopoly is attempting to maximize profit which of the following should it attempt to do?

A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?