Jamb Economics 1992 Past Questions and Answers

Question 6:

• JAMB 1992

the major objective of current campaign for family planning in Nigeria is to?

A. Reduce the death rate
B. Limit the number of women a man can marry
C. Keep the population growth rate constant
D. Raise the standard of living of the population

Question 7:

• JAMB 1992

The migration of young people from rural to urban areas in Nigeria should help to raise the?

A. Standard of living in the urban areas
B. Total productivity of labour in the rural areas
C. Marginal productivity of labour in the rural areas
D. Marginal productivity of labour in the urban areas

Question 8:

• JAMB 1992

BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC) by the equation?

A. VC =TC + FC
B. VC = TC - FC
C. VC = TC/FC
D. VC = (TC)(FC)

Question 9:

• JAMB 1992

The higher the price of capital relative to the price of labour, the more production techniques should be?

A. Labour-intensive
B. Capital-intensive
C. Fixed
D. Technology-intensive

Question 10:

• JAMB 1992

The U-shape of the long run average cost curve can be explained by the?

A. Law of increasing returns
B. Law of constant returns
C. Law of diminishing returns
D. Concepts of economies and diseconomies of scale