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Economics 1997 JAMB Past Questions

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6
In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?
  • A. dependency is ratio high
  • B. population is optimum
  • C. active population is large
  • D. population is growing according to Malthus theory
View Answer & Discuss JAMB 1997
7
One of the objectives of Nigeria's current population policy is to?
  • A. reduce the birth rate
  • B. reduce the emmigration rate
  • C. increase the birth rate
  • D. enhance longevity
View Answer & Discuss JAMB 1997
8
Labour productivity is the ratio of?
  • A. labour to output
  • B. man-hours to output
  • C. output to man-hours
  • D. average product to man-hours
View Answer & Discuss (1) JAMB 1997
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9
The type of cost which has to be covered for a firm to continue production in the short-run is the?
  • A. overhead cost
  • B. fixed cost
  • C. marginal cost
  • D. average variable cost
View Answer & Discuss (2) JAMB 1997
10
A good is said to be inferior if its demand?
  • A. rises as it price rises
  • B. falls as it price rises
  • C. rises as it price falls
  • D. is perfectly inelastic
View Answer & Discuss (7) JAMB 1997
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