1995 - JAMB Economics Past Questions and Answers - page 4
31
An increasing population might be of economic benefit to a country if?
A
the female population is greater than the male population
B
the dependency ratio is increasing as the total population increases
C
a continuosly higher proportion falls into working class category
D
the rural and urban proportion ae balanced
correct option: c
Users' Answers & Comments32
The demand made on each other by the agriculture and industrial sector as the economy grows are reflected in?
A
backward and forward linkages
B
horizontal and vertical linkages
C
vertical linkages
D
functional linkages
correct option: a
Users' Answers & Comments33
Foreign exchange rate in a free market economy is determined by?
A
the government
B
the Central Bank
C
demand and supply
D
commercial banks
correct option: c
Users' Answers & Comments34
The primary objective of all international economic organizations is to?
A
ensure that third world countries get a better share of the world's resources
B
promote international economic co-operation for the mutual benefit of all members
C
enforce structural adjustment programmes on less developed countries
D
encourage exports from the developed to the less developed countries
correct option: b
Users' Answers & Comments35
A
K
B
L
C
M
D
N
correct option: a
Users' Answers & Comments36
A
23 and 20
B
22 and 19
C
14 and 19
D
11 and 20
correct option: b
Users' Answers & Comments37
A
OQ1MP2
B
P4MTP1
C
OQ1 TP1
D
OQ2SP2
correct option: c
Users' Answers & Comments38
A
P1EHPo
B
PoHQo0
C
P1EQo0O
D
P1ED1Po
correct option: a
Users' Answers & Comments39
A
totally by the consumer
B
totally by the producer
C
equally by both the consumer and the producer
D
by the the government
correct option: a
Users' Answers & Comments40
Given that TC = TFC + TVC and TR = AR x Q, profit is equal to
A
(AR + Q) - TFC
B
\(\frac{\text{(TFC + TVC)}}{Q}\)
C
(AR x Q) - TC
D
\(\frac{\text{(TC x Q)}}{AR}\)
correct option: c
Users' Answers & Comments