JAMB UTME - Economics - 1984
Tambaya 1 Rahoto
In the diagram, (I) refers to the calculation of national income through the
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Tambaya 2 Rahoto
One of the advantages of large - scale production is that
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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.
Tambaya 3 Rahoto
Public expenditure on services, such as education and health, is known as expenditure on
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Tambaya 4 Rahoto
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?
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Tambaya 5 Rahoto
If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?
Tambaya 6 Rahoto
In the diagram I refers to the calculation of national income through the
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Tambaya 7 Rahoto
In the diagram, (III) refers to the calculation of national income through the
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Tambaya 8 Rahoto
A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?
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Tambaya 9 Rahoto
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
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Tambaya 12 Rahoto
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
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Tambaya 13 Rahoto
A rightward shift in the production possibility frontier may be due to
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Tambaya 14 Rahoto
The advantages that accrue to a firm as the size of the firm increases are known as
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Tambaya 15 Rahoto
The main economic objective behind the production of goods and services in any economy is to?
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Tambaya 17 Rahoto
Which of the following is NOT a feature of economic underdevelopment of a country?
Tambaya 18 Rahoto
Which of the following is NOT true of debentures and debenture holders?
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Tambaya 19 Rahoto
In the diagram III refers to the calculationof national income through the
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Tambaya 20 Rahoto
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
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"$$P_{x}/P_{m} > 1$$"
Tambaya 21 Rahoto
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?
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Tambaya 22 Rahoto
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?
Tambaya 23 Rahoto
Which of the following does NOT represent the behavior of a monopolist?
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Tambaya 24 Rahoto
Which of the following is NOT a determinant of the size economically active population?
Tambaya 25 Rahoto
If a person demands money for buying and selling securities. It is referred as demanding money for
Tambaya 27 Rahoto
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
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Tambaya 28 Rahoto
Demand for a commodity by a consumer is the quantity of that commodity that the consumer
Tambaya 29 Rahoto
The most important characteristic of money is?
Tambaya 30 Rahoto
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?
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Tambaya 32 Rahoto
pricing and output decisions of sellers are highly interdependent in markets known as?
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Tambaya 33 Rahoto
The Central Bank instrument of control does NOT include
Tambaya 34 Rahoto
The following except ONE, are the differences between international trade and internal trade?
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Tambaya 36 Rahoto
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
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Tambaya 42 Rahoto
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
Tambaya 44 Rahoto
The most important factor determining the location of the cement industry in Nigeria today is ?
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Tambaya 47 Rahoto
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?
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Tambaya 49 Rahoto
A demand curve slopes downwards because of ?
