JAMB UTME - Economics - 1986
Tambaya 1 Rahoto
A country has a population distribution as shown below:
The dependency ratio is
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Tambaya 3 Rahoto
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Tambaya 8 Rahoto
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Tambaya 10 Rahoto
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?
Tambaya 13 Rahoto
Which of the following advantages of localization of industries may also be a disadvantage?
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Tambaya 16 Rahoto
The difference between the Gross Domestic Product and the Gross National Product is?
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Tambaya 17 Rahoto
Deflation is a persistent fall in the general price level and is usually caused by?
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Tambaya 21 Rahoto
Which of the following is an important function of prices in a market economy?
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Tambaya 25 Rahoto
Which of the following is used by the Central Bank to control the rate of interest?
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Tambaya 27 Rahoto
Which of the following is NOT a goal of modern budgets?
Tambaya 28 Rahoto
One of the advantages of a partnership over a sole proprietorship is that?
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Tambaya 29 Rahoto
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Tambaya 30 Rahoto
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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Tambaya 31 Rahoto
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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Tambaya 34 Rahoto
What fundamentally determines how much a consumer spends in a producer's shop?
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Tambaya 35 Rahoto
Which of the following is a characteristic of private limited liability company?
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Tambaya 36 Rahoto
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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Tambaya 37 Rahoto
In the normal channels of distribution the breaking of bulk is performed by the
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Tambaya 38 Rahoto
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Tambaya 39 Rahoto
One major difference between monopoly and perfect competition is that?
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Tambaya 40 Rahoto
Under normal circumstances the concept of consumers sovereignty implies that
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Tambaya 44 Rahoto
A firm achieves least cost in production by substituting factors until
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Tambaya 46 Rahoto
Which of the following causes of inflation is related to demand-pull inflation?
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