Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?
AProf. Paul Samuelson
BAdam Smith
CDavid Ricardo
DRev. Thomas Malthus
EProf. Ojetuuji Aboyade
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Question 25
jamb1985
The age distribution of a population is NOT influenced by?
Abrith rates
Bdeath rates
Cpatterns of immigration
Dpatterns of emmigration
Eschool leaving age
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Question 26
jamb1985
Optimum population is desirable because it enables an economy to obtain maximum?
Aper capita income
Bper capital output
Cper capita real income
Dper capital revenue
Egrowth rate
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Question 27
jamb1985
The meaning of scale of preference is?
Apreparing a list of goods and services to be purchased in order of priority
Bshowing the monthly income
Cbudget preparation without due regard to proper proirities
Dconsumers' preference for luxury goods
Econsumers preference for foreugn goods
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Question 28
jamb1985
An economic problem exists whenever
Athere is scacity and choice
Bthere are no buyers for our goods
Cthere are too many sellers
Dmany people are out of work
Eall raw materials are imported
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Question 29
jamb1985
Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?
