Economics Past Questions

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141

Which of the following alternatives will NOT assist in checking the population growth in West Africa countries?

View Answer & Discuss (1) JAMB 1981

142

Two goods, X and Y, are said to be complementary when?

View Answer & Discuss (10) JAMB 1981

143

Which of the following is NOT true about specialization or division of labour?

A. Specialization and exchange go hand in hand
B. Specialization implies that each person produces a surplus of one or a few items (e.g commodities) n which he is specialized
C. Division of labour needs not take account of the extent of the market
D. Division of labour results in increased productivity
E. Division of labour involves the danger of unemployment

View Answer & Discuss (2) JAMB 1981

144

Money becomes a very poor store of value in a period of

View Answer & Discuss (3) JAMB 1981

145

Government in West Africa countries engage in running a number of enterprises because ?

A. Large amount of capital are needed and key industries should not be left in private hands
B. Private capital would not established an adequate infrastructure
C. It brings about a more even distribution of the country’s wealth
D. The social costs of some enterprises make the government the most suitable body to set them up
E. All of the above

View Answer & Discuss (2) JAMB 1981

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