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Tuesday, 10 April 2012

GET ADMITTED- THE PATH TO ADMISSION(post utme questions added)UNILAG ECONOMICS

Unilag Economics Question have been added below,do your best before the examination.you can also request that of your institution be added if you cannot find it.

Below are the post-utme past questions for economics. Attempe those. Remember that the english questions as well as physics can be found in the right column.

ECONOMICS: UNILAG POST UME 2005
26. The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10 calculate the total sum of money the bank can create fromthe deposit.
Answer: ______
27. If budget deficits are financed by borrowing, the crowding-out effect can be offset by an increase in
Answer: _______________
28. A tax that takes an increasing fraction of income goes down is called
Answer: ________________
29. A. rising short-run average cost is a result of
Answer: _______________
30. The only factor of production that plays an active role in the production process is
Answer: ______________
SUGGESTED ANSWERS, 2005
27. government expenditure
28. regressive
29. diminishing return
30. labour
Always confirm the correct answers first. Thank you.

Economcs: UNILAG POST UME 2007
46. The consumption function of an economy with no government sector and no foreign trade is C = W120 + 0. 6Y.
(C = aggregate consumption and Y nation income).
If investment expenditure is autonomous and equal to W 280, what is the equilibrium level of income?
Answer: _______________
47. The winner of a T.V quiz show is offered a choice of either #1000 or the contents of one or other of two sealed boxes. She's told that one box contains#2,500 and that the other box is empty.
What is the opportunity cost to the individual of opting for the #1000 price?
Answer: ________________
48. Which schedule shows the maximum prices at which a firm would be able to sell any given level of output?
Answer: ________________
49. In which circumstance will an indirect tax fall entirely upon the producers of a commodity?
Answer: _______________
50. In an economy with no government, the value of the investment multiplieris 3 by how much will consumption increase, if investment increases by #300?
Answer:_______________
51. Which of the following is a normative statement?
Answer: _______________
52. An employer currently employs 200 workers. The marginal cost of hiring an additional worker is N50 if the employees current wage bill is =N= 20,000, byhow much will the wage paid per worker new to be increased in order to attract one more worker?
Answer: ____________
53. Given the cost function C = 160 + 36q, what is the average cost of 20 units of output?
Answer: _____________
54. When the important of a commodity is limited to a definite quantity, the control means used known as
Answer: ____________
56. When is a profit – maximizing firm in equilibrium?
Answer: ____________
57. Which of the following will be likely to result from an open market purchase of securities by the central bank?
Answer: ____________
58. Which of the following explains how changes in national income may be brought about by changes in investment?
Answer: ___________
59. Average earnings in manufacturing increase by 8%. While hourly wage rates increase by only 6%
What could account for this?
Answer: _______________

I am sure you guys are very intelligent to find out the answers yourself.

Request that of your University by comment if you. Can't find it.

1 comments:

Anonymous said...

Pls I need UNIORIN POST UTME PAST QUESTION STARTING FROM LAST FIVE YEAR TILL LAST YEAR

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