Economics Past Questions

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136

Which of the following is NOT a measure for controlling inflation?

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137

Which of the following is NOT a determinant of changes in supply?

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138

The marginal physical product of labour is?

A. the out put of labour unaided by machinery
B. the extra revenue from the output of one additional woker
C. the difference in the output of two workers
D. additional output achieved when one extraworker is added to fixed account of other factors
E. none of the above

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139

One of the disadvantages of division of labour is that?

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140

'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?

A. Human wants are numerous but the resources needed to satisfy them are limited
B. Given numerous wants and limited resources only individuals and businesss firms make choice
C. The process of making a choices involves opportunity cost
D. An economist is not interested morality or otherwise of any choice so made
E. Usually choice is made from a list of wants compliled in the context of a scale of preference

View Answer & Discuss (2) JAMB 1981

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