Jamb Economics 1997 Past Questions and Answers

Question 6:

• JAMB 1997

When a country's population is experiencing increase returns, that country is said to be?

A. Overpopulated
B. Economically poor
C. Over-producing goods and services
D. Underpopulated

Question 7:

• JAMB 1997

In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?

A. Dependency is ratio high
B. Population is optimum
C. Active population is large
D. Population is growing according to Malthus theory

Question 8:

• JAMB 1997

One of the objectives of Nigeria's current population policy is to?

A. Reduce the birth rate
B. Reduce the emmigration rate
C. Increase the birth rate
D. Enhance longevity

Question 9:

• JAMB 1997

Labour productivity is the ratio of?

A. Labour to output
B. Man-hours to output
C. Output to man-hours
D. Average product to man-hours

Question 10:

• JAMB 1997

The type of cost which has to be covered for a firm to continue production in the short-run is the?

A. Overhead cost
B. Fixed cost
C. Marginal cost
D. Average variable cost