JAMB UTME - Economics - 1982
Question 1 Report
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
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Question 4 Report
The most dominant economic activity which employs the largest number of people in West Africa is?
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Question 7 Report
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
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Question 8 Report
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
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Question 10 Report
|
|
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?
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Question 11 Report
| 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
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Question 12 Report
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
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Question 13 Report
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
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Question 14 Report
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
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Question 15 Report
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
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Question 16 Report
A commodity can be sold for two or more different prices if it is?
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Question 18 Report
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
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Question 19 Report
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?
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Question 21 Report
The sloping downward of the demand curve implies that?
Question 23 Report
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?
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Question 24 Report
Function of commercial banks do NOT include?
Question 25 Report
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?
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Question 26 Report
If the Central Bank intends to increase the money supply through open market operations then it will
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Question 27 Report
Public enterprises are supported on the grounds that they are undertaken for
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Question 28 Report
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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Question 30 Report
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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Question 31 Report
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
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Question 32 Report
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?
Question 33 Report
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
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Question 37 Report
A good measure of the standard of living usually used for international comparison is
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Question 38 Report
The supply of and demand for goods and services are influenced by the?
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Question 39 Report
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Question 42 Report
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
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Question 43 Report
Which of the following countries is NOT a member of the economic Community of West African States?
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Question 45 Report
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,
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Question 46 Report
Balance of payments of a country explains the overall position of?
Question 47 Report
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Question 50 Report
which is not responsible for the decline in food production in West Africa?
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