Jamb Economics 1983 Past Questions and Answers

Question 36:

• JAMB 1983

The effect of emigration on a country's population, all other things remaining equal, is to

A. Increase its size
B. Cause overpopulation
C. Increase its growth rate
D. Reduce the proportion of children
E. Reduce its size

Question 37:

• JAMB 1983

Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?

A. Money is regarded as a medium of exchange
B. Measure for value
C. Unit of account
D. Store of value
E. Standard for deferred payments

Question 38:

• JAMB 1983

Agriculture plays a dominant role in West Africa economics because

A. The green Revolution in Nigeria is agriculture
B. It supplies all the foodstuff consumed in West Africa
C. There are large plantation of cocoa, groundnut and palm oil in West Africa
D. It is the main source of revenue in Nigeria
E. It employs more than 50% of the total labour force in West Africa

Question 39:

• 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 40:

• 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