JAMB UTME - Economics - 1986
Ibeere 1 Ìròyìn
Under normal circumstances the concept of consumers sovereignty implies that
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Ibeere 4 Ìròyìn
A monopolist will practice price discrimination in two markets if?
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Ibeere 6 Ìròyìn
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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Ibeere 7 Ìròyìn
Which of the following is a characteristic of private limited liability company?
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Ibeere 11 Ìròyìn
Which of the following methods is most likely to lead an economy?
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Ibeere 13 Ìròyìn
Which of the following advantages of localization of industries may also be a disadvantage?
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Ibeere 14 Ìròyìn
One of the advantages of a partnership over a sole proprietorship is that?
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Ibeere 16 Ìròyìn
Which of the following is an important function of prices in a market economy?
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Ibeere 19 Ìròyìn
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Ibeere 20 Ìròyìn
In the normal channels of distribution the breaking of bulk is performed by the
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Ibeere 22 Ìròyìn
A firm achieves least cost in production by substituting factors until
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Ibeere 25 Ìròyìn
Which of the following causes of inflation is related to demand-pull inflation?
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Ibeere 26 Ìròyìn
Which of the following is used by the Central Bank to control the rate of interest?
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Ibeere 30 Ìròyìn
The difference between the Gross Domestic Product and the Gross National Product is?
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Ibeere 33 Ìròyìn
Deflation is a persistent fall in the general price level and is usually caused by?
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Ibeere 34 Ìròyìn
What fundamentally determines how much a consumer spends in a producer's shop?
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Ibeere 35 Ìròyìn
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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Ibeere 37 Ìròyìn
A country has a population distribution as shown below:
The dependency ratio is
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Ibeere 38 Ìròyìn
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Ibeere 39 Ìròyìn
The term of trade often measured by the ratio of the index of export
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Ibeere 42 Ìròyìn
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Ibeere 45 Ìròyìn
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?
Ibeere 46 Ìròyìn
One major difference between monopoly and perfect competition is that?
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Ibeere 49 Ìròyìn
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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Ibeere 50 Ìròyìn
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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