JAMB UTME - Economics - 1982
Swali 1 Ripoti
The sloping downward of the demand curve implies that?
Swali 2 Ripoti
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
Maelezo ya Majibu
Swali 3 Ripoti
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,
Maelezo ya Majibu
Swali 6 Ripoti
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
Maelezo ya Majibu
Swali 8 Ripoti
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
Maelezo ya Majibu
Swali 13 Ripoti
If the Central Bank intends to increase the money supply through open market operations then it will
Maelezo ya Majibu
Swali 14 Ripoti
which is not responsible for the decline in food production in West Africa?
Maelezo ya Majibu
Swali 15 Ripoti
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?
Maelezo ya Majibu
Swali 16 Ripoti
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
Maelezo ya Majibu
Swali 17 Ripoti
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
Maelezo ya Majibu
Swali 18 Ripoti
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
Maelezo ya Majibu
Swali 19 Ripoti
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
Maelezo ya Majibu
Swali 20 Ripoti
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?
Maelezo ya Majibu
Swali 23 Ripoti
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
Maelezo ya Majibu
Swali 24 Ripoti
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
Maelezo ya Majibu
Swali 25 Ripoti
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
Maelezo ya Majibu
Swali 26 Ripoti
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?
Maelezo ya Majibu
Swali 27 Ripoti
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?
Maelezo ya Majibu
Swali 28 Ripoti
|
|
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?
Maelezo ya Majibu
Swali 29 Ripoti
Public enterprises are supported on the grounds that they are undertaken for
Maelezo ya Majibu
Swali 30 Ripoti
Which of the following countries is NOT a member of the economic Community of West African States?
Maelezo ya Majibu
Swali 31 Ripoti
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
Maelezo ya Majibu
Swali 33 Ripoti
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
Maelezo ya Majibu
Swali 36 Ripoti
The supply of and demand for goods and services are influenced by the?
Maelezo ya Majibu
Swali 37 Ripoti
Balance of payments of a country explains the overall position of?
Maelezo ya Majibu
Swali 38 Ripoti
| 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
Maelezo ya Majibu
Swali 39 Ripoti
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
Maelezo ya Majibu
Swali 40 Ripoti
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
Maelezo ya Majibu
Swali 41 Ripoti
A good measure of the standard of living usually used for international comparison is
Maelezo ya Majibu
Swali 42 Ripoti
The most dominant economic activity which employs the largest number of people in West Africa is?
Maelezo ya Majibu
Swali 46 Ripoti
A commodity can be sold for two or more different prices if it is?
Maelezo ya Majibu
Swali 47 Ripoti
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
Maelezo ya Majibu
