Jamb Economics Past Questions and Answers

Question 41:

• JAMB 2018

The basic principle underlying location of industry is the tendency for production of a commodity to be located on the basis of______

A. Division of labour
B. Employment trends
C. Relative costs and benefits
D. Immobility of skilled labour

Question 42:

• JAMB 2018

The birth rate in 1976 for a certain country with a population of 10m was 8.0. This means that in 1976,___________

A. There were 80,000 live births in the country
B. There were 6,400 live births in the country
C. There were 8 live births to every 100 women in working-class families
D. 8 in every 1000 women of 21 - 45 gave birth to a live child

Question 43:

• JAMB 2018

External economies arises essentially from__________

A. A firm's individual policies
B. Localisation of industry
C. Government economic policy
D. Free transferability of shares

Question 44:

• JAMB 2018

Assume that, for a certain country in a given year, the index of import prices stands at 102, the index of export prices stands at 106. The terms of trade are (to the nearest whole number)

A. 208
B. 104
C. 54
D. 4

Question 45:

• JAMB 2018

Which of the following persons is engaged in "Secondary Production"?
I - a bricklayer
II - an automobile assembly-line worker
III - an accountant
IV - a cinema projectionist

A. I only
B. I, II
C. II, III
D. I, II, III, IV