Jamb Economics Past Questions For Year 1997
Question 6
Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore?
- A. inconsistent
- B. consistent
- C. transitive
- D. rational
Question 7
With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?
- A. total utility derived from each goods and services is increasing at an increasing rate
- B. marginal utility derived from each good or service is increasing at the same rate
- C. marginal utility derived per naira spent is the same for all the goods and services
- D. total utility derived from all the goods and services is large
Question 8
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
Question 9
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
Question 10
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
