Question 676:

• JAMB 1983

Which of the following defines Economics most comprehensively?

A. Buying and selling
B. Organization and Industries
C. Study of human behaviour in the allocation of scarce resources
D. National development planning and budgeting
E. Banking and Insurance

Question 677:

• JAMB 1983

Age-structure in Nigeria is such that the working age-group is in the years

A. 1-15
B. 15-65
C. 30-40
D. 40-65
E. 65 and above

Question 678:

• JAMB 1983

NEPA as a public corporation is?

A. A power generating industry in Nigeria
B. Organized in a perfect competitive market
C. A duopoly
D. A monopolistically competitive industry
E. A monopoly

Question 679:

• JAMB 1983

When demand is elastic, it means that consumers

A. React more proportionately to price change
B. Are not sensitive to price changed
C. Will stop buying when price increases
D. React less proportionately to price change
E. React equally to price change

Question 680:

• JAMB 1983

Full employment is a situation in which?

A. Every adult is employed
B. All adults who can work are employed
C. All person who attained the age of 15 and above are employed
D. Only the disabled are not employed
E. All those who are able and eligible can find employment