JAMB UTME - Economics - 1978
Pergunta 1 Relatório
If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X
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Pergunta 2 Relatório
A rational consumer will adjust his spending pattern so that
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Pergunta 3 Relatório
Which of the following sector of the economy is estimated to be the largest employer of labour in the country
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Pergunta 5 Relatório
Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities
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Pergunta 9 Relatório
The following is NOT a reason for the existence of small firms
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Pergunta 13 Relatório
If the demand of a product with perfectly elastic supply increases, there will be
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Pergunta 14 Relatório
Which is NOT a direct effort to increase Agricultural production in Nigeria?
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Pergunta 15 Relatório
A country has a surplus in its balance of visible trade if
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Pergunta 16 Relatório
The effect of the demand for product A caused by a change in the price of a product B is called?
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Pergunta 17 Relatório
As consumption of beer increases, its marginal utility to a drinker will
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Pergunta 18 Relatório
Which of these would NOT increase population of a country
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Pergunta 21 Relatório
Malthus became famous through his theory which may be stated simply
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Pergunta 23 Relatório
Which of the following activities of government precludes the existence of a market economy?
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Pergunta 24 Relatório
Which is an example of an invisible item in the trade Account of Ghana?
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Pergunta 25 Relatório
A commercial bank is unique in that it is only the institution that
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Pergunta 27 Relatório
Which of these would not be included in the fundamental principle of a free enterprise economy
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Pergunta 28 Relatório
A distinguishing characteristics of a consumers' cooperative is the fact that
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Pergunta 29 Relatório
Less developed countries obtain foreign exchange reserve mainly from the export of
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Pergunta 31 Relatório
Which of the following financial assets consist the lowest rate of interest in Nigeria?
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Pergunta 32 Relatório
Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?
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Pergunta 34 Relatório
Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be
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Pergunta 35 Relatório
An increase in liquid reserve requirements by the central bank of Nigeria will result in
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Pergunta 37 Relatório
In order to build up its capital stock, the typical less developed country should ideally
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Pergunta 38 Relatório
Which of the following is NOT strictly included In the study of economics?
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Pergunta 39 Relatório
Which of the following is not a form of business organization
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Pergunta 40 Relatório
The largest liability appearing in the book of a commercial bank is
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Pergunta 41 Relatório
Bondholders are treated more favorably than shareholders because
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Pergunta 42 Relatório
A Tax which takes a higher percentage from higher incomes is called?
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Pergunta 47 Relatório
Which of the following can be regarded as a liability of a commercial bank?
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Pergunta 48 Relatório
If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing
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Pergunta 50 Relatório
Which of the following item in the balance of payment of account is an invisible transaction?
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