JAMB UTME - Economics - 1980

Capital earns income because?

Division of labour is limited by the?

Price control indicate the following

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

The marginal physical product of labour is?

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

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

International trade arise because?

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

The fundamental problem of Economics is?

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

Which of the taxes appear generally progressive in nature?

One of the disadvantages of division of labour is that?

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

A commercial bank is able to create money

The terms of trade are said to be favorable only if

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

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

In a subsistence economy?

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

A disadvantage of the corporate form of business is the?

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 agro-based industry in Nigeria?

Commercial banks can create money in the following ways?

When we draw a market demand curve, we?

Which is NOT a function of Central Bank in West Africa

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

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

Utility of a commodity means?

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

Division of labour means?

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?

The value of money depends primarily on?

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

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

The budget of Nigeria will be deficit if

A limited liability company is owned by?

Which is the dominant form of tax in Nigeria

In Nigeria, cheques are not money because?

By subsistence production we mean?

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

An economic problem arises when?

Production in Economics occurs when

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

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

Commercial banks can create money in the following ways

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

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

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

By balance of visible trade we mean?