Jamb Economics Past Questions For Year 1979
Question 16
The country will be over populated when
- A. the rate of birth is high
- B. the death rate is low
- C. the growth rate is high
- D. population is increasing more than resources in the country
- E. unemployement is high in the country
Question 17
The quantity supplied of a commodity increases best when
- A. Production increases
- B. Demand increases
- C. Price of the commodity increases
- D. Population of the country increases
- E. More commodities are imported
Question 18
opportunity cost is the
- A. price of scarce goods
- B. resources required for making a commodity
- C. cost of luxury goods
- D. accrual of financial loses by chance
- E. althernative forgone in other to satisfy a want
Question 19
Average cost is
- A. the total cost of production
- B. the extra cost of producing one additional unit of output
- C. cost of producing a unit of output
- D. variable cost
- E. overhead cost
Question 20
Which of the following is not an indirect tax?
- A. excise duty
- B. company tax
- C. import duty
- D. export duty
- E. sales tax
