JAMB UTME - Economics - 1978
Question 1 Report
As consumption of beer increases, its marginal utility to a drinker will
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Question 2 Report
In order to build up its capital stock, the typical less developed country should ideally
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Question 3 Report
Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be
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Question 6 Report
Which of the following financial assets consist the lowest rate of interest in Nigeria?
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Question 7 Report
Which of the following activities of government precludes the existence of a market economy?
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Question 9 Report
Malthus became famous through his theory which may be stated simply
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Question 11 Report
The largest liability appearing in the book of a commercial bank is
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Question 15 Report
Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?
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Question 16 Report
Less developed countries obtain foreign exchange reserve mainly from the export of
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Question 19 Report
The effect of the demand for product A caused by a change in the price of a product B is called?
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Question 20 Report
A Tax which takes a higher percentage from higher incomes is called?
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Question 21 Report
Which of the following item in the balance of payment of account is an invisible transaction?
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Question 22 Report
Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities
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Question 23 Report
Which of the following is NOT strictly included In the study of economics?
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Question 24 Report
Which of the following sector of the economy is estimated to be the largest employer of labour in the country
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Question 25 Report
If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing
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Question 28 Report
An increase in liquid reserve requirements by the central bank of Nigeria will result in
Question 33 Report
Which of the following can be regarded as a liability of a commercial bank?
Question 34 Report
Which is NOT a direct effort to increase Agricultural production in Nigeria?
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Question 36 Report
A commercial bank is unique in that it is only the institution that
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Question 37 Report
If the demand of a product with perfectly elastic supply increases, there will be
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Question 38 Report
Which is an example of an invisible item in the trade Account of Ghana?
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Question 41 Report
The Lagos clearing house is
Question 44 Report
Which of these would not be included in the fundamental principle of a free enterprise economy
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Question 46 Report
If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X
Question 50 Report
A distinguishing characteristics of a consumers' cooperative is the fact that
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