JAMB Economics Past Questions & Answers - Page 322

1,606.

The migration of young people from rural to urban areas in Nigeria should help to raise the

A.

Standard of living in the urban areas

B.

Total productivity of labour in the rural areas

C.

Marginal productivity of labour in the rural areas

D.

Marginal productivity of labour in the urban areas

Correct answer is D

No explanation has been provided for this answer.

1,607.

The major objective of current campaign for family planning in Nigeria is to?

A.

Reduce the death rate

B.

Limit the number of women a man can marry

C.

Keep the population growth rate constant

D.

Raise the standard of living of the population

Correct answer is D

No explanation has been provided for this answer.

1,608.

Which of the following is applicable in a wholly capitalist economy?

A.

There is government intervention in price determination

B.

Consumer sovereignty does not exist

C.

The price mechanism allocates resources

D.

Households cannot freely decide what to spend on goods and services

Correct answer is C

No explanation has been provided for this answer.

1,609.

For an economy which last year produced only two commodities X and Y, the real cost of the quantity of X which it produced can be measured by the

A.

Amount of X it could not produced

B.

Amount of Y it produced

C.

Total amount of Y it could have produced

D.

Extra amount of Y it could have produced

Correct answer is C

No explanation has been provided for this answer.

1,610.

Scale of preference refers to

A.

Consumers preference for luxury goods

B.

The household monthly income

C.

List of goods and servicesin order of priority

D.

Budget perparation without paying due regard to priority

Correct answer is C

No explanation has been provided for this answer.