Economics Past Questions

Exam Type:

Exam year:

Question Type:

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Your School's Whatsapp Group - Join Us now

361

A firm achieves least cost in production by substituting factors until

A. their factor prices are equal
B. their marginal-physical products are each equal to their factor prices
C. their marginal-physical products are each zero
D. the ratio of their marginal-physical products equals the ratio of their prices

View Answer & Discuss (2) JAMB 1986

362

If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving

A. rent
B. profit
C. interest
D. surtax income

View Answer & Discuss (10) JAMB 1986

363

Mobility of labour is NOT affected by

A. optimum size of population
B. marriage and family
C. regulation of trade unions
D. period of training

View Answer & Discuss JAMB 1986

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

364

A country has a population distribution as shown below:
\(\begin{array}{c|c}
\text{Age Group years} & \text{ Corresponding percentage} \\
\text{Above 60} & 22 \\
15 - 60 & 60 \\
0 - 14 & 15 \\
\end{array}\)

The dependency ratio is?

A. 3:2
B. 1:3
C. 2:3
D. 1:5

View Answer & Discuss (6) JAMB 1986

365

Population density refers to?