JAMB UTME - Economics - 1982
Vraag 1 Verslag
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
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Vraag 3 Verslag
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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Vraag 5 Verslag
The sloping downward of the demand curve implies that?
Vraag 6 Verslag
Public enterprises are supported on the grounds that they are undertaken for
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Vraag 9 Verslag
If the Central Bank intends to increase the money supply through open market operations then it will
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Vraag 10 Verslag
which is not responsible for the decline in food production in West Africa?
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Vraag 12 Verslag
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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Vraag 13 Verslag
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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Vraag 14 Verslag
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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Vraag 15 Verslag
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
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Vraag 18 Verslag
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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Vraag 19 Verslag
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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Vraag 20 Verslag
| 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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Vraag 22 Verslag
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?
Vraag 23 Verslag
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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Vraag 24 Verslag
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Vraag 25 Verslag
Balance of payments of a country explains the overall position of?
Vraag 26 Verslag
|
|
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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Vraag 27 Verslag
Function of commercial banks do NOT include?
Vraag 28 Verslag
The supply of and demand for goods and services are influenced by the?
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Vraag 30 Verslag
A good measure of the standard of living usually used for international comparison is
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Vraag 31 Verslag
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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Vraag 34 Verslag
The most dominant economic activity which employs the largest number of people in West Africa is?
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Vraag 35 Verslag
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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Vraag 37 Verslag
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
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Vraag 39 Verslag
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
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Vraag 40 Verslag
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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Vraag 41 Verslag
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Vraag 43 Verslag
Which of the following countries is NOT a member of the economic Community of West African States?
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Vraag 45 Verslag
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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Vraag 46 Verslag
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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Vraag 48 Verslag
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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