Jamb Economics 1994 Past Questions and Answers

Question 6:

• JAMB 1994

In a mixed economy, decisions to produce are taken by?

A. Men and women acting in their own best interest
B. The government acting in the interest of the country
C. The market women, the labour unions and the employers association
D. Private individuals, organization and the government

Question 7:

• JAMB 1994

Every economy requires an accurate census because it assist in?

A. Solving inflation problem
B. Providing a sound framework for policy formulation
C. Stimulating economic activities in the national economy
D. Solving unemployment problem

Question 8:

• JAMB 1994

The population of country X in 1990 was 35 million.
The births were 450,000 while it recorded 210,000 death. If in the year, its immigrants were 20,000 and 10,000 of its citizen left the country, calculate the total population of the country at the end of 1990.

A. 24,250,000
B. 25,350,000
C. 34,750,000
D. 35,250,000

Question 9:

• JAMB 1994

If the actual population in a country is less than the optimum population, then?

A. It is desirable to have a large population
B. It is necessary to have an improved technology to sustain the population
C. It is desirable to have a smaller population
D. The available resources are inadequate to substain the population

Question 10:

• JAMB 1994

Unemployment can be reduced by?

A. Restricting the productive base of the economy
B. Adopting capital-intensive techniques of production
C. Adopting labour-intensive techniques of production
D. Adopting a mixture of labour and capital-intensive techniques of production