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796
One of the features of a free market economy is that?
  • A. resources are directed by the price mechanism
  • B. workers do not earn equal wages
  • C. the profit motive is serverly constrained
  • D. descisions on the economy are taken by bureaucratic structures
View Answer & Discuss JAMB 1997
797
One of the fundamental differences between a capitalist and a socialist economy is that while?
  • A. the former is characterized by complete government ownership of resources, the latter characterized by complete private ownership
  • B. in the former, prices act as signals in the allocation of resources, it is central authority that performs this function in the letter
  • C. taxes are levied in a capitalist economy, there is no taxation in a capitalist economy
  • D. income and wealth are equally distributed in the socialist economy, this is not so in a capitalist economy
View Answer & Discuss (3) JAMB 1997
798
When a country's population is experiencing increase returns, that country is said to be?
  • A. overpopulated
  • B. economically poor
  • C. over-producing goods and services
  • D. underpopulated
View Answer & Discuss JAMB 1997
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799
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
800
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
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