JAMB UTME - Economics - 1985
Vraag 2 Verslag
The interdependence between households and business enterprises illustrated in the figure is known as
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Vraag 3 Verslag
If monopoly is attempting to maximize profit which of the following should it attempt to do?
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Vraag 4 Verslag
In the figure above, the broken line labelled M is the marginal revenue curve of a
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Vraag 5 Verslag
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
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Vraag 6 Verslag
Tax which is levied on goods manufactured, sold or used within a country is?
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Vraag 7 Verslag
The process by which a country attempts to reduce the import of manufactured goods at home is described as?
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Vraag 8 Verslag
Which of the following is NOT among the canons of taxation as set out by Adam Smith?
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Vraag 9 Verslag
If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to
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Vraag 10 Verslag
The petro- chemical industries are located in the River State of Nigeria due to?
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Vraag 13 Verslag
Which of the following is a necessary prerequisite for trade by barter?
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Vraag 16 Verslag
The amount of labour a producer hires relative to labour factor inputs depends on the?
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Vraag 18 Verslag
Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?
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Vraag 19 Verslag
Study the figure above. At paint H the price elasticity of supply is
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Vraag 20 Verslag
Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?
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Vraag 22 Verslag
The argument of tariff protection in less developed economies is that such a measure would
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Vraag 23 Verslag
If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
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Vraag 24 Verslag
Warehousing facilities in the distribution and marketing of products are provided by?
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Vraag 25 Verslag
One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?
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Vraag 30 Verslag
Under normal circumstances a producer will bear the entire burden of taxation on his output if the?
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Vraag 32 Verslag
Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?
Vraag 33 Verslag
The inefficient distribution of scarce commodities in Nigeria is mostly due to the?
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Vraag 34 Verslag
The act of combining factor inputs in order to obtain specific output is known as
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Vraag 35 Verslag
An example of a regressive tax is?
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Examples of regressive taxes include sales taxes, user fees and, arguably, property taxes.
Vraag 38 Verslag
By terms of trade, we mean the?
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Terms of trade (TOT) refers to the relative price of imports in terms of exports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods.
Vraag 39 Verslag
A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?
Vraag 43 Verslag
Optimum population is desirable because it enables an economy to obtain maximum?
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Vraag 44 Verslag
Which of the following is NOT a part of the fixed costs of a limited liability company?
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Vraag 47 Verslag
How many National Development Plans did Nigeria have between 1960 and 1984?
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Vraag 48 Verslag
The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?
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