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Economics 1984 JAMB Past Questions

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6
The advantages that accrue to a firm as the size of the firm increases are known as
  • A. external diseconomies
  • B. internal returns to scale
  • C. internal economies
  • D. internal diseconomies
  • E. constant returns to scale
View Answer & Discuss JAMB 1984
7
Which Of the following is NOT an obstacle to economic development?
  • A. Low level of investment
  • B. lack of modern technology
  • C. High rate of population growth
  • D. Low productivity
  • E. Dedicated leadership
View Answer & Discuss JAMB 1984
8
An aging population refers to the preponderance of?
  • A. middle-aged people in the population
  • B. young people in the population
  • C. women in the the population
  • D. old men in the population
  • E. old people in the population
View Answer & Discuss JAMB 1984
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9

Which of the following is NOT a determinant of the size economically active population?

  • A. Age structure
  • B. Occupation of workers
  • C. Proportion of men to women
  • D. Average length of the working day
  • E. Efficiency of the labour force
View Answer & Discuss (3) JAMB 1984
10
The population level that yields the maximum output when combined with available resources is known as
  • A. dependent population
  • B. maximum population
  • C. active population
  • D. productive population
  • E. optimum population
View Answer & Discuss (1) JAMB 1984
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