1988 JAMB UTME Economics Past Questions

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1988

One of the characteristics of an imperfect market is?

1988

Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organization, are called?

1988

The most important limitation on the partner as a form of business enterprise is the?

1988

In a public company, entrepreneurial functions are performed by the?

1988

The additional revenue obtained by using one more unit of a factor is called?

1988

Price leadership is?

1988

The rate at which money changes hands is known as the?

1988

In any economy, what is used as money is determined by?

1988

Which of the following factors enhances the ability of commercial banks to create money?

1988

Restriction on credit creation by commercial banks can be effected through?

1988

Localization of industries refers to the?

1988

Which of the following is a good example of invisible item on balance of payments account?

1988

When a nation is experiencing balance of payment surplus, it is in a better position to?

1988

Which of the following would most likely be considered an example of benefit taxation?

1988

Which of the following is a direct tax?

1988

Merchants banks perform all the following functions EXCEPT?

1988

In estimating the national income of a country, the three approaches usually adopted are the?

1988

Which of the following items is subtracted when computing Gross National Product at factor cost, by the expenditure method?

1988

If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?

1988

The Malthusian theory of population predicts that growth in food production will?

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