Jamb Economics 1993 Past Questions and Answers

Question 6:

• JAMB 1993

Which of the following factors is NOT responsible for the rural/urban drift in Nigeria?

A. The infrastructural facilities in cities
B. Declining fertility of rural farmlands
C. Rural electrification programme
D. Higher living standards in urban areas

Question 7:

• JAMB 1993

An accurate census is important to a country because it helps?

A. In solving unemployment problem
B. To ensure equitable population redistribution relative to natural resources
C. In deciding on the creation of more local government
D. In providing a second basis for formulating development policy

Question 8:

• JAMB 1993

If 502.75 million tonnes of grains are consumed annually by a population of 88.5 million people, the per capita grains consumption will be?

A. 6.00 tonnes
B. 5.68 tonnes
C. 0.60 ton
D. 0.57 ton

Question 9:

• JAMB 1993

In the theory of production and cost, the average total cost of a firm is minimized when the marginal cost curve cuts the average total cost curve at its?

A. Lowest point
B. Middle point
C. Maximum point
D. Downward slopping section

Question 10:

• JAMB 1993

A firm faces diminishing returns when its?

A. Total output diminishes
B. Average output diminishes
C. Marginal output diminishes
D. Marginal revenue diminishes