Question 436:

• JAMB 1978

In the diagram equilibrium price is:

A. P₂
B. P_o
C. P₁
D. Indeterminate
E. Between P_o and P₁ Diagram P.2

Question 437:

• JAMB 1978

The numerical measure of elasticity is

A. \(\frac{\text{%change in Q}}{\text{%change in P}}\)
B. \(\frac{\text{change in Q}}{\text{change in P}}\)
C. \(\frac{\text{%change in P}}{\text{%change in Q}}\)
D. \(\frac{\text{change in P plus change in Q}}{\text{change in P}}\)

Question 438:

• JAMB 1979

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

Question 439:

• JAMB 1979

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

Question 440:

• JAMB 1979

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