Jamb Economics Past Questions and Answers

Question 1781:

• JAMB 2006

The major problem of conducing a census in Nigeria is

A. Inadequate skilled personnel
B. Financial constraint
C. Urban congestion
D. Lack of political will

Question 1782:

• JAMB 2006

The marginal productivity theory applies in a

A. Unionized labour market
B. Perfectly competitive market
C. Monopsonistic market only
D. Monopolistic market only

Question 1783:

• JAMB 2006

A rising short-run average cost is a result of

A. Economies of scale
B. Falling marginal costs
C. Diminishing returns
D. Rising fixed costs

Question 1784:

• JAMB 2006

The only factor of production that plays an active role in the production process is

A. Land
B. Capital
C. Entrepreneur
D. Labour

Question 1785:

• JAMB 2006

The market structure in which there is interdependence of price-output policies is

A. A pure monopoly
B. An oligopoly
C. A pure competition
D. A monopolistic competition