Factor mobility and efficiency of Factors of Production - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

Factors affecting size of Labour Force include the following EXCEPT?

A. Level of technology
B. Retirement age
C. Government policies
D. Trade Union activities

Question 3:

• JAMB 2014

The major determinant of the total volume of output in an economy is the

A. Level of total expenditure
B. Composition of consumer spending
C. Number of farmers
D. Size of the labour force

Question 4:

• JAMB 1983

If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?

A. Land and related factors
B. Abundance of natural resources
C. Level of human capital
D. Technical progress or other factors
E. The discipline of political leadership

Question 5:

• JAMB 1986

Mobility of labour is NOT affected by

A. Optimum size of population
B. Marriage and family
C. Regulation of trade unions
D. Period of training