JAMB UTME - Economics - 1982
Pergunta 1 Relatório
if AC = Average Cost of production ,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then,
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Pergunta 2 Relatório
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
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Pergunta 3 Relatório
We can classify the people of Nigeria into three broad age group :Group one, 0-15years ; Group Two,16-64years; Group Three, 65years and above. Group Two is the most important economically because
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Pergunta 4 Relatório
The equilibrium market price is determined at a point where?
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Pergunta 7 Relatório
Balance of payments of a country explains the overall position of?
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Pergunta 8 Relatório
which is not responsible for the decline in food production in West Africa?
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Pergunta 9 Relatório
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
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Pergunta 10 Relatório
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
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Pergunta 12 Relatório
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
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Pergunta 14 Relatório
In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the
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Pergunta 15 Relatório
In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?
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Pergunta 17 Relatório
Public enterprises are supported on the grounds that they are undertaken for
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Pergunta 19 Relatório
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
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Pergunta 20 Relatório
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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Pergunta 21 Relatório
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
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Pergunta 22 Relatório
| Unit of output |
Table cost |
| 1 |
20 |
| 2 |
32 |
| 3 |
42 |
| 4 |
48 |
| 5 |
50 |
in the above table, the marginal cost of the 3rd unit of output is
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Pergunta 23 Relatório
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
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Pergunta 24 Relatório
Full equilibrium under perfect competition requires that?
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Pergunta 25 Relatório
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
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Pergunta 26 Relatório
some of major problems hindering economic development in west Africa are in the areas of electricity supply, communication, educations and health. These items are known in Economics as?
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Pergunta 27 Relatório
A commodity can be sold for two or more different prices if it is?
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Pergunta 29 Relatório
|
|
Share of gross national product (GNP) |
Share of total employment |
Growth rate of output |
| All agriculture |
40% |
70% |
3% |
| Industry and mining |
30% |
10% |
10% |
| Trade andservices |
30% |
20% |
5% |
What is the growth rate of GNP?
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Pergunta 30 Relatório
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
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Pergunta 35 Relatório
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
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Pergunta 37 Relatório
Which of the following countries is NOT a member of the economic Community of West African States?
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Pergunta 38 Relatório
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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Pergunta 39 Relatório
If the Central Bank intends to increase the money supply through open market operations then it will
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Pergunta 40 Relatório
A good measure of the standard of living usually used for international comparison is
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Pergunta 41 Relatório
The most dominant economic activity which employs the largest number of people in West Africa is?
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Pergunta 42 Relatório
The chief sources of Federal Government revenue in Nigeria are?
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Pergunta 43 Relatório
Taxes which are levied on a person’s expenditures are known as?
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Pergunta 44 Relatório
The supply of and demand for goods and services are influenced by the?
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Pergunta 45 Relatório
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
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Pergunta 47 Relatório
If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is
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Pergunta 48 Relatório
Retailers are greater in numbers than wholesalers because?
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Pergunta 50 Relatório
The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?
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