[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Economics
  4. JAMB 1987

Economics 1987 JAMB Past Questions

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
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
6
Labour productivity is defined as?
  • A. output per man/hour
  • B. average output
  • C. the maximum number of hours worked
  • D. total level of output
View Answer & Discuss JAMB 1987
7
Efficiency of labour is enhanced by?
  • A. Average Total Cost less the sum of Varriable Cost
  • B. half the sum of all costs
  • C. Total Fixed Cost divided by the the level of output
  • D. Total Fixed Cost plus Marginal Cost
View Answer & Discuss JAMB 1987
8
The residual of production which accrues to the owner of land after all other expenses have been met is called?
  • A. wages
  • B. rent
  • C. interest
  • D. profit
View Answer & Discuss JAMB 1987
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
9
In the history of Economic Thought the concept of Division of labour is usually associated with?
  • A. David Richardo
  • B. J.M. Keynes
  • C. Adam Smith
  • D. Karl Marx
View Answer & Discuss (1) JAMB 1987
10
The form of capital which is usually consumed or transformed into finished goods and services in the production process is called?
  • A. industrial capital
  • B. social capital
  • C. fixed capital
  • D. circulating capital
View Answer & Discuss JAMB 1987
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent