Question 456:

• JAMB 1979

The country will be over populated when

A. The rate of birth is high
B. The death rate is low
C. The growth rate is high
D. Population is increasing more than resources in the country
E. Unemployement is high in the country

Question 457:

• JAMB 1979

The value of money is generally measured in reference to

A. The interest rate charged on bank loans
B. The general price level
C. The size of countries gold stock
D. The level of economic development in a country
E. The price of stocks and shareson the stock exchange

Question 458:

• JAMB 1979

If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is

A. Zero
B. 1
C. 2
D. 5
E. 10

Question 459:

• JAMB 1979

The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as

A. Visible trade
B. Invisible trade
C. Balance of payments
D. Balance of trade
E. Terms of trade

Question 460:

• JAMB 1979

Which of the following type of capital is not rewarded by means of dividends?

A. Ordinary shares
B. Preference shares
C. Cummulative shares
D. Participating preference shares
E. Debentures