JAMB UTME - Economics - 1983
Vraag 2 Verslag
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
Antwoorddetails
Vraag 3 Verslag
The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?
Antwoorddetails
Vraag 4 Verslag
Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15 Basedon the above production possibilities table, the real cost of a unit of food when alternative R is selected is?
Antwoorddetails
Vraag 6 Verslag
Which of the following is NOT include in measuring national income by the income approach?
Antwoorddetails
Vraag 7 Verslag
If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
Antwoorddetails
Vraag 8 Verslag
Division of labour has many advantages . Not withstanding, it is greatly limited by?
Antwoorddetails
Vraag 9 Verslag
If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will added less to the output than previous units of the labour. This concept is known as?
Antwoorddetails
Vraag 10 Verslag
In perfect competition a firm's price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm's marginal cost (MC)?
Antwoorddetails
Vraag 16 Verslag
In the diagram P1 S is a supply curve for a manufactured. its shows that
Antwoorddetails
Vraag 17 Verslag
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
Antwoorddetails
Vraag 19 Verslag
Age-structure in Nigeria is such that the working age-group is in the years
Antwoorddetails
Vraag 20 Verslag
The monetary system that requires double coincidence of want is known as?
Antwoorddetails
Vraag 24 Verslag
Comparative cost doctrine of international trade means specialization in production
Antwoorddetails
Vraag 25 Verslag
The quickest way of achieving an economic union on regional basis is to remove all?
Antwoorddetails
Vraag 29 Verslag
Public expenditure creates expansionary effects in the economy when it is
Antwoorddetails
Vraag 31 Verslag
In an inflationary period which of the following statements is NOT true?
Antwoorddetails
Vraag 32 Verslag
Disequilibrium in the balance of payment means?
Vraag 34 Verslag
A Nigerian household's demand curve for semovita is downward because?
Antwoorddetails
Vraag 36 Verslag
The maintenance of general economic stability in the country necessarily relies heavily on?
Vraag 37 Verslag
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
Antwoorddetails
Vraag 38 Verslag
In the event of a limited liability company going into liquidation each
Antwoorddetails
Vraag 42 Verslag
Which of thefollowing items is NOT an argument for locating industries in rural areas?
Antwoorddetails
Vraag 45 Verslag
Which of the following is NOT an advantage of localization of industries?
Antwoorddetails
Vraag 46 Verslag
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
Vraag 47 Verslag
The effect of emigration on a country's population, all other things remaining equal, is to
Antwoorddetails
