JAMB UTME - Economics - 1981
Pergunta 1 Relatório
Which of the following is NOT true about specialization or division of labour?
Detalhes da Resposta
Pergunta 3 Relatório
If a commodity has many substitutes, it is most likely that?
Detalhes da Resposta
Pergunta 4 Relatório
Which of the following statement does NOT describe a situation of perfect competition.?
Detalhes da Resposta
Pergunta 6 Relatório
If P8 and P9 represent the population of West African in 1978 and 1979 respectively, and given that in 1979.
D= number of deaths, B= number of births, I= number of immigrants, E= number of Emigrants. Then the size of the population in 1979 is given by
Detalhes da Resposta
Pergunta 9 Relatório
An increase in the price of butter causes an increase in the demand for margarine. This indicate that butter and margarine are?
Detalhes da Resposta
Pergunta 13 Relatório
|
|
Sector 1 |
Sector 2 |
Sector 3 |
Sector 4 |
| Share in total National Output |
25% |
10% |
50% |
15% |
| Share in total Employment |
60% |
10% |
5% |
25% |
| Growth rate of Sectoral Output |
2% |
5% |
10% |
3% |
From the above, the Growth Rate of Total National Output or GDP is
Detalhes da Resposta
Pergunta 15 Relatório
Which of the following is NOT a characteristic of perfect competition?
Detalhes da Resposta
Pergunta 16 Relatório
Given the international trade statistics of Nigeria for the past 6 years, which of these statements would you consider to be correct?
Detalhes da Resposta
Pergunta 17 Relatório
If the income of a consumer rises and his demand for good X falls, good X can be described as
Detalhes da Resposta
Pergunta 18 Relatório
One of the probable effects of an increased minimum wage in Nigeria is?
Detalhes da Resposta
Pergunta 19 Relatório
An economy in which both the public and the private sectors contribute substantially to the growth of output is?
Detalhes da Resposta
Pergunta 21 Relatório
'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?
Detalhes da Resposta
Pergunta 23 Relatório
Government in West Africa countries engage in running a number of enterprises because ?
Detalhes da Resposta
Pergunta 26 Relatório
| Price per tin | Demand per week | Supply per week |
| ₦6 | 0 tins | 45 tins |
| ₦5 | 5 tins | 35 tins |
| ₦4 | 10 tins | 25 tins |
| ₦3 | 15 tins | 15 tins |
| ₦2 | 20 tins | 5 tins |
| ₦1 | 25 tins | 0 tins |
Market for Garri: At a price of N5, the excess supply is`
Detalhes da Resposta
Pergunta 27 Relatório
Which of the following is NOT a major function of a Central Bank?
Detalhes da Resposta
Pergunta 28 Relatório
Which is NOT an important factor responsible for high concentration of population in some part of Nigeria?
Detalhes da Resposta
Pergunta 29 Relatório
The process by which West African countries attempt to reduce the import of manufactured goods by encouraging firms to produce these goods at homes is known as?
Detalhes da Resposta
Pergunta 30 Relatório
Which of the following statement is NOT true about agriculture in West Africa?
Detalhes da Resposta
Pergunta 32 Relatório
Which of the following is NOT a visible iterm in international trade payments?`
Detalhes da Resposta
Pergunta 35 Relatório
Prohibiting the sale of lace materials in Nigeria would probably lead to?
Detalhes da Resposta
Pergunta 36 Relatório
Summary of product condition in countries i and ii
Amount of labour days, cocoa(tons) Cloth(tons)
Country i 200 600 900
country ii 200 300 800
From the above table, we can correctly say in respect of international trade that
Detalhes da Resposta
Pergunta 37 Relatório
Which of the following does NOT belong in respect of the quantity of money?
Detalhes da Resposta
Pergunta 38 Relatório
Which of the following is NOT a visible item on international trade payment?
Detalhes da Resposta
Pergunta 39 Relatório
Which of the following statements does NOT describe a situation of perfect competition?
Detalhes da Resposta
Pergunta 40 Relatório
The situation whereby in a fiscal year a government’s revenue receipt are less than its expenditures is referred to as?
Detalhes da Resposta
Pergunta 42 Relatório
The infant industry argument for protection in developing countries recognizes the needs to employ tariffs to protect
Detalhes da Resposta
Pergunta 43 Relatório
In this diagram, So So is the original supply curve while S1 S1 represent?
Detalhes da Resposta
Pergunta 45 Relatório
Which of the following alternatives will NOT assist in checking the population growth in West Africa countries?
Detalhes da Resposta
Pergunta 46 Relatório
Market Schedules for Milk:
| Price per tin | Quantity demanded (tins) | Quantity supplied (tins) |
| 8k | 25,000 | 7,500 |
| 10k | 23,000 | 9,000 |
| 13k | 20,000 | 11,500 |
| 15k | 18,000 | 13,000 |
| 18k | 15,000 | 15,000 |
| 20k | 13,000 | 17,500 |
| 23k | 10,000 | 21,000 |
| 25k | 8,000 | 24,000 |
From the market demand and supply schedules for milk, we can say that equilibrium price and quantity are
Detalhes da Resposta
Pergunta 48 Relatório
A movement along a given demand curve for a good is caused by a change in
Detalhes da Resposta
Pergunta 49 Relatório
|
|
Amount of labour days |
Cocoa (tons) |
Cloth (metres) |
| Country I |
200 |
600 |
900 |
| Country II |
200 |
300 |
800 |
Summary of production conditions in countries l and ll.
From the table, we can correctly say in respect of international trade that
Detalhes da Resposta
Pergunta 50 Relatório
Which of these statement is NOT true of economics as a discipline?
Detalhes da Resposta
