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756
The population of Oh-aha L.G.A. WAS 480 000 in December 1980, out of which 60% were females . If within one year no birth were recorded, but 5% of the L.G.A. in December 1981?
  • A. 96 000
  • B. 192 000
  • C. 288 000
  • D. 470 400
View Answer & Discuss (2) JAMB 1995
757
What is meant by labour supply?
  • A. Number of people in working population
  • B. Number of men and hours they work
  • C. Number of hours during which the middle aged persons work
  • D. Number of workforce multiplied by the hours they work
View Answer & Discuss (2) JAMB 1995
758
The advantages which firms obtain directly from expanding their operations are referred to as?
  • A. internal economies of scale
  • B. external economies of scale
  • C. economics of localization
  • D. economies of resources allocation
View Answer & Discuss (1) JAMB 1995
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759
The factor of production that has the highest degree of mobility is?
  • A. land
  • B. labour
  • C. capital
  • D. enterpreneurship
View Answer & Discuss JAMB 1995
760
Any payment to a factor of production in excess of what is necessary to keep that factor in its present employment is known as?
  • A. real income
  • B. profit
  • C. economic rent
  • D. real wage
View Answer & Discuss JAMB 1995
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