Jamb Economics 1979 Past Questions and Answers

Question 46:

• JAMB 1979

The pre-dominance of non-working housewives and maids in West Africa

A. Will understate the national income of the countries
B. Will overstate the national income of the countries
C. Will lead to constant per capita income over the years
D. Will lead to balance of payment deficits
E. Will cause unfavourable terms of trade

Question 47:

• JAMB 1979

Inflation can be curbed by

A. Increasing aggregate demand
B. Paying higher wages
C. Increasing government expenditure
D. Reducing aggregate demand
E. A deficit budget

Question 48:

• JAMB 1979

In most cases the marginal utility derived from a particular good

A. Increases as additional units are consumed
B. Increases at a decreasing rate as additional units are consumed
C. Decreases at a constant rate as additional units are consumed
D. Decreases as additional units are consumed
E. Remains constant as additional units are consumed

Question 49:

• JAMB 1979

Infant industries are

A. A baby food and a baby clothing factories
B. Those which are introducing new products
C. Cases of arrested development
D. Industries temporarily protected by tariff barriers until mature enough to compete on world markets
E. Industries that are allowed to remain permanent cases of adolescence

Question 50:

• JAMB 1979

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