Jamb Economics Past Questions For Year 1979
Question 1
The quantity supplied of a commodity increases while
- A. production incraases
- B. demand increses
- C. price of the commodity increases
- D. population of the country increases
- E. more commodites are imported
Question 2
Study the table above: What is the marginal product of the second worker?
- A. 10
- B. 20
- C. 15
- D. 18
- E. 43
Question 3
Production covers all but one of the following activities:
- A. changing the position of a good in time as, for example, holding stock of goods until they are required
- B. the provision of some kind of service e.g retailing
- C. changing the form of a good from the raw material to the finished product
- D. changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
- E. the use of good and services to satisfy individual wants
Question 4
Which of the following is not true of the theory of optimum population?
- A. It is possible for densely populated country to be underpopulated if it has insufficient labour to make the most effective use of its other factors
- B. The quantity of labour which combined with the other factors gives the minimum output is known as optimum population
- C. The quantity of labour which combined with the other factors, gives the maximum output, is known as optimum population
- D. The test for over-population is whether it exceed the optimum
- E. It is possible for a thinly populated country to be over populated if it has a poor supply of other factor
Question 5
which of the following is not true about occupational distribution of the labour force of West Africa?
- A. A large percentage of the labour force is engaged in agriculture
- B. Agriculture is the most important occupation in West Africa
- C. The manufacturing sector employs a large percentage of the population
- D. Agriculture does not constitute an important source of paid employment
- E. The public sector forms an important source of paid employment
