Jamb Economics Past Questions For Year 2008
Question 46
The OPEC marketing policy of fixing minimum price allows members to
- A. sell above minimum price
- B. sell below minimum price
- C. determine the price and quantity to sell
- D. negotiate price with customers
Question 47
The population of a country will decrease if
- A. the death rate exceeds the birth rate
- B. immigration is equal to emigration
- C. the birth rate exceeds the death rate
- D. there is rapid economic growth
Question 48
The active population of a country determines the size of its
- A. economic resources
- B. national income
- C. labour force
- D. gross domestic product
Question 49
A classroom teacher is promoted to the rank of a principal. This is an example of
- A. vertical mobility
- B. lateral mobility
- C. social mobility
- D. horizontal mobility
Question 50
If the active population is 50 million and unemployed is 5 million what is the unemployment rate?
- A. 10%
- B. 45%
- C. 55%
- D. 90%
