Meaning And Types Of Production Jamb Economics Past Questions
Question 1
From the diagram shown, the optional point of production is_____________?
- A. R
- B. T
- C. S
- D. U
Question 2
Which of the following persons is engaged in "Secondary Production"?
I - a bricklayer
II - an automobile assembly-line worker
III - an accountant
IV - a cinema projectionist
- A. I only
- B. I, II
- C. II, III
- D. I, II, III, IV
Question 3
The major determinant of the total volume of output in an economy is the
- A. level of total expenditure
- B. composition of consumer spending
- C. number of farmers
- D. size of the labour force
Question 4
Production takes place when
- A. output is transformed into input
- B. machines replace human effort
- C. input is transformed into output
- D. there is specialization and division of labour
Question 5
The technical relationship between input combination and maximum attainable output is called
- A. a production function
- B. an indifference curve
- C. an isocost
- D. an isoquant
