JAMB UTME - Economics - 1986
Pergunta 1 Relatório
Deflation is a persistent fall in the general price level and is usually caused by?
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Pergunta 3 Relatório
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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Pergunta 4 Relatório
A firm achieves least cost in production by substituting factors until
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Pergunta 6 Relatório
One of the advantages of a partnership over a sole proprietorship is that?
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Pergunta 7 Relatório
In the normal channels of distribution the breaking of bulk is performed by the
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Pergunta 9 Relatório
One major difference between monopoly and perfect competition is that?
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Pergunta 12 Relatório
Which of the following is an important function of prices in a market economy?
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Pergunta 13 Relatório
Which of the following is used by the Central Bank to control the rate of interest?
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Pergunta 14 Relatório
A country has a population distribution as shown below:
The dependency ratio is
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Pergunta 15 Relatório
Which of the following methods is most likely to lead an economy?
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Pergunta 16 Relatório
Under normal circumstances the concept of consumers sovereignty implies that
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Pergunta 17 Relatório
The term of trade often measured by the ratio of the index of export
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Pergunta 18 Relatório
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
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Pergunta 19 Relatório
Which of the following is an external economy derived by a firm?
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Pergunta 20 Relatório
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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Pergunta 22 Relatório
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Pergunta 24 Relatório
The difference between the Gross Domestic Product and the Gross National Product is?
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Pergunta 27 Relatório
Which of the following advantages of localization of industries may also be a disadvantage?
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Pergunta 28 Relatório
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Pergunta 29 Relatório
Which of the following statements describes a mixed economy?
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Pergunta 33 Relatório
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Pergunta 34 Relatório
To control inflation, the monetary authorities of a country can?
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Pergunta 35 Relatório
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
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Pergunta 38 Relatório
The most important advantage of co-operative societies is?
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Pergunta 39 Relatório
What fundamentally determines how much a consumer spends in a producer's shop?
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Pergunta 40 Relatório
A monopolist will practice price discrimination in two markets if?
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Pergunta 42 Relatório
Which of the following strategies will provide more employment opportunities for Nigerians?
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Pergunta 43 Relatório
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Pergunta 44 Relatório
Which of the following is a characteristic of private limited liability company?
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Pergunta 45 Relatório
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
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Pergunta 47 Relatório
Which of the following causes of inflation is related to demand-pull inflation?
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