Factors affecting productivity - 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 2015

A major limiting factor of mass production is

A. Efficient management
B. Adequate labour supply
C. Small size of the market
D. Adequate supply of raw materials

Question 3:

• JAMB 2014

Firms embark on vertical integration in other to

A. Take over markets formally controlled by other firms
B. Prevent other firms from entering the market
C. Reduce advertisement and management cost
D. Enjoy economies of large-scale production

Question 4:

• JAMB 1989

One of the purposes of advertisement in marketing is to?

A. Change the quality of the product
B. Raise the quantity of the product demanded as its price falls
C. Shift the demand curve for the product to the right
D. Raise production cost

Question 5:

• JAMB 1993

If labour productivity in the cement industry is increasing as output of cement is expanded, then the amount of labour per unit of output produced must be?

A. Less than zero
B. Decreasing
C. Constant
D. Increasing