JAMB UTME - Economics - 1982
Tambaya 1 Rahoto
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
Bayanin Amsa
Tambaya 3 Rahoto
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Tambaya 5 Rahoto
| 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
Bayanin Amsa
Tambaya 7 Rahoto
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Tambaya 8 Rahoto
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
Bayanin Amsa
Tambaya 9 Rahoto
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
Bayanin Amsa
Tambaya 10 Rahoto
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
Bayanin Amsa
Tambaya 11 Rahoto
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
Bayanin Amsa
Tambaya 14 Rahoto
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,
Bayanin Amsa
Tambaya 15 Rahoto
Public enterprises are supported on the grounds that they are undertaken for
Bayanin Amsa
Tambaya 18 Rahoto
Balance of payments of a country explains the overall position of?
Tambaya 19 Rahoto
which is not responsible for the decline in food production in West Africa?
Tambaya 21 Rahoto
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
Bayanin Amsa
Tambaya 22 Rahoto
|
|
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?
Bayanin Amsa
Tambaya 23 Rahoto
Function of commercial banks do NOT include?
Tambaya 25 Rahoto
The most dominant economic activity which employs the largest number of people in West Africa is?
Tambaya 26 Rahoto
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?
Bayanin Amsa
Tambaya 28 Rahoto
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
Bayanin Amsa
Tambaya 29 Rahoto
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
Bayanin Amsa
Tambaya 32 Rahoto
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
Bayanin Amsa
Tambaya 34 Rahoto
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
Bayanin Amsa
Tambaya 35 Rahoto
The supply of and demand for goods and services are influenced by the?
Bayanin Amsa
Tambaya 37 Rahoto
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?
Tambaya 38 Rahoto
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
Bayanin Amsa
Tambaya 39 Rahoto
A good measure of the standard of living usually used for international comparison is
Bayanin Amsa
Tambaya 42 Rahoto
The sloping downward of the demand curve implies that?
Tambaya 44 Rahoto
If the Central Bank intends to increase the money supply through open market operations then it will
Bayanin Amsa
Tambaya 46 Rahoto
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?
Bayanin Amsa
Tambaya 47 Rahoto
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?
Tambaya 48 Rahoto
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
Bayanin Amsa
Tambaya 49 Rahoto
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
Bayanin Amsa
Tambaya 50 Rahoto
Which of the following countries is NOT a member of the economic Community of West African States?
Bayanin Amsa
