JAMB UTME - Economics - 1986
Question 1 Report
A firm achieves least cost in production by substituting factors until
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Question 2 Report
Which of the following is used by the Central Bank to control the rate of interest?
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Question 3 Report
The term of trade often measured by the ratio of the index of export
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Question 8 Report
In the normal channels of distribution the breaking of bulk is performed by the
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Question 9 Report
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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Question 10 Report
Which of the following advantages of localization of industries may also be a disadvantage?
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Question 13 Report
Under normal circumstances the concept of consumers sovereignty implies that
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Question 17 Report
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?
Question 19 Report
One major difference between monopoly and perfect competition is that?
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Question 20 Report
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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Question 23 Report
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Question 24 Report
A monopolist will practice price discrimination in two markets if?
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Question 25 Report
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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Question 26 Report
Which of the following causes of inflation is related to demand-pull inflation?
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Question 28 Report
Deflation is a persistent fall in the general price level and is usually caused by?
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Question 29 Report
What fundamentally determines how much a consumer spends in a producer's shop?
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Question 30 Report
Which of the following is a characteristic of private limited liability company?
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Question 31 Report
Which of the following is NOT a goal of modern budgets?
Question 32 Report
Which of the following is an important function of prices in a market economy?
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Question 38 Report
A country has a population distribution as shown below:
The dependency ratio is
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Question 39 Report
Which of the following strategies will provide more employment opportunities for Nigerians?
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Question 41 Report
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Question 44 Report
The difference between the Gross Domestic Product and the Gross National Product is?
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Question 45 Report
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Question 46 Report
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Question 49 Report
One of the advantages of a partnership over a sole proprietorship is that?
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Question 50 Report
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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