1984 JAMB UTME Economics Past Questions

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1984

In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?

1984

Division of labour is limited by?

1984

Demand for a commodity by a consumer is the quantity of that commodity that the consumer

1984

The main economic objective behind the production of goods and services in any economy is to?

1984

The population level that yields the maximum output when combined with available resources is known as

1984

Which of the following is NOT a determinant of the size economically active population?

1984

An aging population refers to the preponderance of?

1984

Which Of the following is NOT an obstacle to economic development?

1984

The advantages that accrue to a firm as the size of the firm increases are known as

1984

A demand curve slopes downwards because of ?

1984

For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is

1984

The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?

1984

For two substitution goods, the cross elastic of demand is?

1984

If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?

1984

One disadvantage of sole proprietorship is its?

1984

pricing and output decisions of sellers are highly interdependent in markets known as?

1984

A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?

1984

In taxation, the benefit principle requires that?

1984

An imperfectly competitive market is one where?

1984

The most important factor determining the location of the cement industry in Nigeria today is ?

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