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4831

If the last Naira spent on each commodity by a consumer gave him equal satisfaction, it means the consumer has been able to

 

 

  • A. maximize costs
  • B. maximize utility
  • C. increase profits
  • D. cut costs
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4832

Malthus' contention is that

 

 

  • A. population and food growth rate will, in future, be at par
  • B. population increased in geometric progression while food production increased in arithmetic progression
  • C. nations have to get enough manpower to cultivate available land for food
  • D. population increase in arithmetic progression while food production increased in geometric progression
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4833

The satisfaction derived from the use of a commodity is its

 

 

  • A. elasticity
  • B. wealth
  • C. demand
  • D. utility
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4834

One of the factors affecting geographical distribution of population is

 

  • A. encouragement of early marriages in rural areas
  • B. climatic conditions of the different part of the country
  • C. high birth rate
  • D. high death rate
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4835

Which of the following will be an effect of inflation?

 

  • A. Money lenders will gain
  • B. Wage earners will gain
  • C. Borrowers of money will gain
  • D. Borrowing of money will be restricted
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