JAMB UTME - Economics - 1980

By balance of visible trade we mean?

A disadvantage of the corporate form of business is the?

Commercial banks can create money in the following ways

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

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

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

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

Which is the dominant form of tax in Nigeria

Utility of a commodity means?

The terms of trade are said to be favorable only if

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

The marginal physical product of labour is?

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

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

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

In Nigeria, cheques are not money because?

The fundamental problem of Economics is?

Capital earns income because?

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

Which is NOT a function of Central Bank in West Africa

Price control indicate the following

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

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

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

When we draw a market demand curve, we?

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

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

Production in Economics occurs when

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

International trade arise because?

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?

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

Division of labour means?

The budget of Nigeria will be deficit if

Division of labour is limited by the?

Commercial banks can create money in the following ways?

A limited liability company is owned by?

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

By subsistence production we mean?

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

In a subsistence economy?

An economic problem arises when?

The value of money depends primarily on?

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

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

Which of the taxes appear generally progressive in nature?

A commercial bank is able to create money

One of the disadvantages of division of labour is that?

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

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