Jamb Economics 2009 Past Questions and Answers

Question 46:

• JAMB 2009

The mobility of labour is mainly determined by

A. The age of workers
B. Government policy
C. Trade unions
D. Wage rate differentials

Question 47:

• JAMB 2009

When workers have a union, the supply of labour is said to be

A. Monopolistic
B. Oligopolistic
C. Monopsonistic
D. Competitive

Question 48:

• JAMB 2009

The percentage contribution of the transport sector is:

A. 600.0
B. 166.7
C. 60.0
D. 16.7

Question 49:

• JAMB 2009

If the contribution of the oil sector is N3.6 million, what is the contribution of the other sectors?

A. N10.8 million
B. N7.2 million
C. N3.6 million
D. N2.4 million

Question 50:

• JAMB 2009

The marginal product of the 5th unit of capital is

A. 42
B. 85
C. 144
D. 213