Economics Past Questions

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1771

when the death rate for old people and the infant mortality rate are high , with no migration , there will be in the population a higher number of

A. younger people in the population
B. children in the population
C. old people in the population
D. women in the population
E. men in the population

View Answer & Discuss (1) WAEC 1997

1772

In the long-run, potential GNP is variable because. I technological change takes place II the quantity of labour and capital is not fixed III. unemployment is not constant

A. I only
B. II only
C. I and II only
D. I and III only
E. III only

View Answer & Discuss WAEC 1997

1773

for two commodities A and B, MA and MB are the respective marginal utilities while PA and PB are the respective prices. Marginal utilities of the commodities are maximized when