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Economics 1980 JAMB Past Questions

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21
Which is NOT a method of raising capital funds in Nigeria?
  • A. Borrowing from abroad
  • B. Internal borrowing
  • C. Nigerianization of foreign companies
  • D. Gifts from abroad
  • E. Saling government bonds
View Answer & Discuss JAMB 1980
22
If a firm doubles its output and its cost increase by 60%, the firm is experiencing
  • A. increase cost
  • B. economies of scale
  • C. decreasing returns
  • D. decreasing cost
  • E. none of the above
View Answer & Discuss (2) JAMB 1980
23
The fundamental problem of Economics is?
  • A. money
  • B. poverty
  • C. unemployment
  • D. the scarcity of resources relative to wants
  • E. inflation
View Answer & Discuss (4) JAMB 1980
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24
If you do not have to give anything in order to get a particular thing, then its opportunity cost is?
  • A. zero
  • B. not measurable
  • C. its price in money
  • D. infinite
  • E. equal to one
View Answer & Discuss (1) JAMB 1980
25
Which of the following is the standard concept for measuring and analyzing population growth?
  • A. The rate of natural increase
  • B. The net migrate
  • C. The rate of population increase
  • D. The fertility rate
  • E. All of the above
View Answer & Discuss JAMB 1980
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