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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
46
A rational consumer will adjust his spending pattern so that
  • A. He buys only the one item that gives him most total satisfaction
  • B. The marginal utility he gets from the last unit of item is the same
  • C. The marginal utility he gets from the last naira spent on each item is the same
  • D. The total utility he gets from each item is the same
  • E. The total amount of money he spends on each item is the same
View Answer & Discuss (3) JAMB 1978
47
Bondholders are treated more favorably than shareholders because
  • A. They are not liable for the companies losses
  • B. They greater voice in the electing board of the directors
  • C. They control the management
  • D. They have a prior claim on the companies assets
  • E. none of the above
View Answer & Discuss (5) JAMB 1978
48
which of the following is not true about occupational distribution of the labour force of West Africa?
  • A. A large percentage of the labour force is engaged in agriculture
  • B. Agriculture is the most important occupation in West Africa
  • C. The manufacturing sector employs a large percentage of the population
  • D. Agriculture does not constitute an important source of paid employment
  • E. The public sector forms an important source of paid employment
View Answer & Discuss (2) JAMB 1979
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49
Which of the following is not true of the theory of optimum population?
  • A. It is possible for densely populated country to be underpopulated if it has insufficient labour to make the most effective use of its other factors
  • B. The quantity of labour which combined with the other factors gives the minimum output is known as optimum population
  • C. The quantity of labour which combined with the other factors, gives the maximum output, is known as optimum population
  • D. The test for over-population is whether it exceed the optimum
  • E. It is possible for a thinly populated country to be over populated if it has a poor supply of other factor
View Answer & Discuss (6) JAMB 1979
50
Production covers all but one of the following activities:
  • A. changing the position of a good in time as, for example, holding stock of goods until they are required
  • B. the provision of some kind of service e.g retailing
  • C. changing the form of a good from the raw material to the finished product
  • D. changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
  • E. the use of good and services to satisfy individual wants
View Answer & Discuss (17) JAMB 1979
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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts