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Economics 2003 JAMB Past Questions

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41
Fixing the prices of agricultural products can be a problem because of the
  • A. activities of marketing boards
  • B. size of agricultural exports
  • C. instability of government policies
  • D. unpredicatable output of farmers
View Answer & Discuss JAMB 2003
42
The labour force of a country can be determined by examining the
  • A. age structure of the population
  • B. sex distribution of the population
  • C. geographical distribution of the population
  • D. occupational distribution of the population
View Answer & Discuss JAMB 2003
43
Use the production possibility curve of a country represented in the diagram above to this questions.An improvement in technology will enable the country to produce at
  • A. V
  • B. W
  • C. X
  • D. Z
View Answer & Discuss JAMB 2003
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44
If the country is currently producing at point Y, it can increase production of producer goods by moving to the point
  • A. V
  • B. W
  • C. X
  • D. Z
View Answer & Discuss (1) JAMB 2003
45
In the table above, the price of commodity y is N2 and that of x is N1 while the individual has an income of N12. Determine the combination of the two commodities the individual should consume to maximize his utility
  • A. 3y and 3x
  • B. 6y and 4x
  • C. 3y and 6x
  • D. 5y and 5x
View Answer & Discuss (4) JAMB 2003
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