Jamb Economics 2008 Past Questions and Answers

Question 36:

• JAMB 2008

The active population of a country determines the size of its

A. Economic resources
B. National income
C. Labour force
D. Gross domestic product

Question 37:

• JAMB 2008

The population of a country will decrease if

A. The death rate exceeds the birth rate
B. Immigration is equal to emigration
C. The birth rate exceeds the death rate
D. There is rapid economic growth

Question 38:

• JAMB 2008

The OPEC marketing policy of fixing minimum price allows members to

A. Sell above minimum price
B. Sell below minimum price
C. Determine the price and quantity to sell
D. Negotiate price with customers

Question 39:

• JAMB 2008

A major trading problem facing ECOWAS is

A. The absence of common currency
B. Political instability
C. High poverty level
D. Non implementation of decisions

Question 40:

• JAMB 2008

A high rent on land will affect the cost of producing maize

A. At the early stage of production
B. Negatively
C. At the later stage of population
D. Positively