Jamb Economics 2000 Past Questions and Answers

Question 26:

• JAMB 2000

The age distribution of a country's population determines the?

A. Ratio of the dependent to the working group
B. Total age of all working class adults
C. Male-female ratio
D. Percentage of married women

Question 27:

• JAMB 2000

Firms continue to employ workers until the wage rate equals the?

A. Average product of labour
B. Marginal revenue product of labour
C. Total product of labour
D. Sum of marginal revenue and average revenue of labour

Question 28:

• JAMB 2000

A major effect of a long distribution chain is?

A. High retail prices
B. Scarcity of commodities
C. Low retail prices
D. Low producer earnings

Question 29:

• JAMB 2000

The major function of the wholesaler to his customers is?

A. Breaking of bulk
B. Offering personal services
C. Stocking a variety of goods
D. Providing transport facilities

Question 30:

• JAMB 2000

Which of the following is used for measuring national income?

A. Output, income and wages
B. Import, expenditure and output
C. Income, output and expenditure
D. Export, Import and output