1978 JAMB UTME Economics Past Questions

1978

Which of the following is not a form of business organization

1978

Marginal cost is

1978

Disposable income is the same thing as

1978

A distinguishing characteristics of a consumers' cooperative is the fact that

1978

An increasein liquid reserve requirements by the central bank of Nigeria will result in

1978

Which of these would not be included in the fundamental principle of a free enterprise economy

1978

If the demand of a product with perfectly elastic supply increases, there will be

1978

The expression ‘terms of trade’ is used to describe

1978

Which of the following sector of the economy is estimated to be the largest employer of labour in the country

1978

As consumption of beer increases, its marginal utility to a drinker will

1978

Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?

1978

Which of the following item in the balance of payment of account is an invisible transaction?

1978

If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X

1978

Opportunity cost is a term which describe

1978

Economics is called a social science because it is

1978

Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities

1978

The advantage of sole proprietorship is as follow

1978

In order to build up its capital stock, the typical less developed country should ideally

1978

By ‘trade by barter’, we mean

1978

Less developed countries obtain foreign exchange reserve mainly from the export of

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