JAMB UTME - Economics - 1983
Pergunta 1 Relatório
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
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Pergunta 2 Relatório
Which of thefollowing items is NOT an argument for locating industries in rural areas?
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Pergunta 3 Relatório
A greater burden of the taxes on essential goods is borne by the?
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Pergunta 5 Relatório
The effect of emigration on a country's population, all other things remaining equal, is to
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Pergunta 6 Relatório
In the diagram P1 S is a supply curve for a manufactured. its shows that
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Pergunta 7 Relatório
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)?
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Pergunta 8 Relatório
The maintenance of general economic stability in the country necessarily relies heavily on?
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Pergunta 10 Relatório
In the event of a limited liability company going into liquidation each
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Pergunta 12 Relatório
The supply of loanable funds is significantly influenced by?
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Pergunta 13 Relatório
The meaningof 'Dumping' is selling goods in a foreign market
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Pergunta 14 Relatório
Division of labour has many advantages . Not withstanding, it is greatly limited by?
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Pergunta 15 Relatório
Comparative cost doctrine of international trade means specialization in production
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Pergunta 18 Relatório
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?
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Pergunta 21 Relatório
The quickest way of achieving an economic union on regional basis is to remove all?
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Pergunta 24 Relatório
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?
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Pergunta 27 Relatório
The monetary system that requires double coincidence of want is known as?
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Pergunta 30 Relatório
Which of the following is NOT include in measuring national income by the income approach?
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Pergunta 31 Relatório
Public expenditure creates expansionary effects in the economy when it is
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Pergunta 32 Relatório
In an inflationary period which of the following statements is NOT true?
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Pergunta 33 Relatório
A Nigerian household's demand curve for semovita is downward because?
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Pergunta 34 Relatório
A major function of middlemen in Nigeria is the distribution of?
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Pergunta 35 Relatório
When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?
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Pergunta 37 Relatório
Palm oil industry is located in Bendel State because the State?
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Pergunta 38 Relatório
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
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Pergunta 39 Relatório
Which of the following sets fully represents factors of production?
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Pergunta 40 Relatório
Age-structure in Nigeria is such that the working age-group is in the years
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Pergunta 41 Relatório
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
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Pergunta 42 Relatório
Which of the following is NOT an advantage of localization of industries?
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Pergunta 44 Relatório
The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?
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Pergunta 47 Relatório
Which of the following defines Economics most comprehensively?
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Pergunta 49 Relatório
Agriculture plays a dominant role in West Africa economics because
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Pergunta 50 Relatório
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?
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