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Economics 2008 JAMB Past Questions

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36

The population of a country will decrease if

  • A. the death rate exceeds the birth rate
  • B. immigration is equal to emigration
  • C. the birth rate exceeds the death rate
  • D. there is rapid economic growth
View Answer & Discuss JAMB 2008
37

The OPEC marketing policy of fixing minimum price allows members to

  • A. sell above minimum price
  • B. sell below minimum price
  • C. determine the price and quantity to sell
  • D. negotiate price with customers
View Answer & Discuss JAMB 2008
38
A major trading problem facing ECOWAS is
  • A. the absence of common currency
  • B. political instability
  • C. high poverty level
  • D. non implementation of decisions
View Answer & Discuss JAMB 2008
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39

A high rent on land will affect the cost of producing maize

  • A. at the early stage of production
  • B. negatively
  • C. at the later stage of population
  • D. positively
View Answer & Discuss JAMB 2008
40

If the active population is 50 million and unemployed is 5 million what is the unemployment rate?

  • A. 10%
  • B. 45%
  • C. 55%
  • D. 90%
View Answer & Discuss (2) JAMB 2008
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