Question 641:

• JAMB 1983

Which of the following items is NOT an argument for locating industries in rural areas?

A. Rural areas supply agricultural raw material
B. The pace of development will be quickened in rural areas
C. Employment will be provided for rural inhabitants
D. Capital is easily available in rural areas
E. Suitable humid climate is sometimes found in rural areas

Question 642:

• JAMB 1983

The natural growth rate of a population is the

A. Sum of the birth rate and the death rate
B. Sum of the birth rate and the net migrate rate
C. Birth rate minus death rate
D. Birth rate divided by the net migration
E. Death rate minus the net imgration

Question 643:

• JAMB 1983

Which of the following sets fully represents factors of production?

A. Sunlight, machinery, man , land,
B. Land, labour, capital, enterprise, technology
C. Capital, technology, idaes, markets, land
D. Land, water, weather
E. Money, market , middlemen

Question 644:

• JAMB 1983

Production possibilities(alternatives)
P Q R S T
Units of shelter 5 4 3 2 0
Units of food 0 5 9 12 15
Based on the above production possibilities table, the real cost of a unit of food when alternative R is selected is?

A. One unit of shelter
B. Three units of shelter
C. One third of a unit of shelter
D. Six units of shelter
E. Two units of shelter

Question 645:

• JAMB 1983

The concept of economic efficiency primary refers to?

A. Obtaining the maximum output from available resources at the lowest cost
B. Conservation of our petroleum resources
C. Equity in the distribution of the nation's wealth
D. Producing without waste
E. The limited wants-unlimited resources dilemma