JAMB UTME - Economics - 1980

Indicate which of the following are invisible trade items in a country’s balance of payments?

A limited liability company is owned by?

By balance of visible trade we mean?

International trade arise because?

Which of the following is NOT a determinant of changes in supply?

If you do not have to give anything in order to get a particular thing, then its opportunity cost is?

The terms of trade are said to be favorable only if

The marginal physical product of labour is?

From an economic point of view, an activity does not have a cost when

Which would you NOT consider an agro-based industry in Nigeria?

Division of labour means?

Production in Economics occurs when

Which of the following is NOT a function of Nigeria commercial Banks?

In a normal (typical) demand schedule, the quantity demand is?

Which is NOT a function of Central Bank in West Africa

Division of labour is limited by the?

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?

Which of the following is the standard concept for measuring and analyzing population growth?

When we draw a market demand curve, we?

If the government is interested in raising the highest revenue from a tax system, then for any two commodities

In a subsistence economy?

Nigeria earns the major part of her foreign exchange from the export of?

A commercial bank is able to create money

Utility of a commodity means?

The budget of Nigeria will be deficit if

In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid

The fundamental problem of Economics is?

The value of money depends primarily on?

Which of the following is NOT a measure for controlling inflation?

Which of the following is NOT one of the balance of payment entries?

Capital earns income because?

In Nigeria, cheques are not money because?

By subsistence production we mean?

Which sector can you say is growing fastest in the Nigeria economy?

Which would you NOT consider an advantage of one-man business?

Commercial banks can create money in the following ways

An economic problem arises when?

Price control indicate the following

Which of the taxes appear generally progressive in nature?

In a limited liability company, the greatest risk is borne by?

Commercial banks can create money in the following ways?

In a free market economy, the rationing of scarce goods is done principally by

If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as

Which of the following is a correct definition of equilibrium price?

Which is NOT a cause of high population growth in Nigeria?

If a firm doubles its output and its cost increase by 60%, the firm is experiencing

Which is the dominant form of tax in Nigeria

A disadvantage of the corporate form of business is the?

Which is NOT a method of raising capital funds in Nigeria?

One of the disadvantages of division of labour is that?