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Economics Past Questions

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50 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10

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Past Questions

50 questions

Question 1 of 10 50 total questions

Question 21

jamb 1984

The population level that yields the maximum output when combined with available resources is known as

Adependent population

Bmaximum population

Cactive population

Dproductive population

Eoptimum population

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Question 22

jamb 1984

Which of the following is NOT a determinant of the size economically active population?

AAge structure

BOccupation of workers

CProportion of men to women

DAverage length of the working day

EEfficiency of the labour force

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Question 23

jamb 1984

An aging population refers to the preponderance of?

Amiddle-aged people in the population

Byoung people in the population

Cwomen in the the population

Dold men in the population

Eold people in the population

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Question 24

jamb 1984

Which Of the following is NOT an obstacle to economic development?

ALow level of investment

Black of modern technology

CHigh rate of population growth

DLow productivity

EDedicated leadership

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Question 25

jamb 1984

The advantages that accrue to a firm as the size of the firm increases are known as

Aexternal diseconomies

Binternal returns to scale

Cinternal economies

Dinternal diseconomies

Econstant returns to scale

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Question 26

jamb 1984

In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?

ALength and cost of training

BDemand and supply

Cattractiveness of the job

DInfluence of the trade union

EGovernment intervention

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Question 27

jamb 1984

The production within the domestic territory of a country is called the

Anet national product

Bgross domestic product

Cnet income

Ddisposable income

Egross national product

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Question 28

jamb 1984

Division of labour is limited by?

Athe size of market

Bthe productivity of capital

Ccost of production

Dthe factors of production

Egovernment policy

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Question 29

jamb 1984

Demand for a commodity by a consumer is the quantity of that commodity that the consumer

Ademands at a given price at a point in time

Bdemand at a given price

Cactually digests

Dproduces, given its price

Ecan store away during bnad weather

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Question 30

jamb 1984

The main economic objective behind the production of goods and services in any economy is to?

Amaximize profits

Bsatisfy human wants

Cbecome self reliant

Dcreate job opportunities

Emake people wealthy

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