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Jamb 2002 Economics Past QuestionsQuestion 21:If the growth rate of available resources continuously outpaces that of the population, a country will eventually experience? A. Maximum population B. Underpopulation C. Overpopulation D. Optimum population Question 22:The equilibrium wage in an economy is determined by the? A. Public service B. Worker's union C. Rate of inflation D. Supply and demand for labour Question 23:The Malthusian theory of population growth is often said to be? A. Ambiguous B. Oversimplified C. Pessimistic D. Optimistic Question 24:Improved labour efficiency can be measured by? A. An increase in output-input ratio B. An decrease in output-input ratio C. The constancy of input-output ratio D. An increase in input-output ratio Question 25:As a firm increases its output, the average fixed cost? A. Tends to rise continuously B. Remains constant C. Rises and then falls D. Tends to decreased continuously |
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