Factors of Production and their Theories - Jamb Economics Past Questions and Answers

Question 41:

• JAMB 1986

In the normal channels of distribution the breaking of bulk is performed by the

A. Producer
B. Wholesaler
C. Retailer
D. Consumer

Question 42:

• JAMB 1986

Which of the following methods is most likely to lead an economy?

A. An increase in wages and profits
B. An increase in consumer demand
C. A greater fraction of national Product going into investment
D. A countinuous rise in bank loans

Question 43:

• JAMB 1986

Which of the following strategies will provide more employment opportunities for Nigerians?

A. Investment in social services
B. Industrialization
C. Economics planning
D. Eradication of illiteracy

Question 44:

• JAMB 1987

Labour productivity is defined as?

A. Output per man/hour
B. Average output
C. The maximum number of hours worked
D. Total level of output

Question 45:

• JAMB 1987

Efficiency of labour is enhanced by?

A. Average Total Cost less the sum of Varriable Cost
B. Half the sum of all costs
C. Total Fixed Cost divided by the the level of output
D. Total Fixed Cost plus Marginal Cost