2004 JAMB UTME Economics Past Questions

2004

Government's involvement in agricultural business in Nigeria is most manifested in the

2004

The labour force in Nigeria falls between the ages of

2004

The tax levied on goods and services at each stage of production is

2004

The excess of aggregate expenditure over full employment level of output is referred to as

2004

If budget deficits are financed by borrowing the crowing-out effect can be offset by an increase in

2004

When the importation of a commodity is limited to a definite quantity, the trade control means used is known as

2004

The European Union was formed to

2004

The final stage in the production process of any commodity involves its movement from the

2004

One of the causes of the present high rate of inflation in Nigeria is

2004

The difference between payments and receipts for visible trade is called

2004

A major reason for having national development plans is to

2004

The number of shareholders in a private limited liability company ranges from

2004

A large standard deviation is an indication of

2004

One of the assumptions of ordinal utility in consumer behaviour is that

2004

In any set of data, median represents the

2004

In order to increase revenue, the seller of a commodity whose demand is fairly elastic is advised to

2004

A change in demand for a normal good means

2004

A firm operating at full capacity will experience rising short-run total costs when

2004

A necessary condition for specialization in an economy is the existence of

2004

If an increase in the price of good X leads to an increase in the supply of good Y, X and Y are said to be

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