JAMB Economics Past Questions & Answers - Page 59

291.

In other to enhance the utility of a particular commodity, it was moved from a place where it has little utility to another area where its utility is higher. This form of utility is referred to as?

A.

Marginal utility

B.

Form utility

C.

Place utility

D.

Total utility

Correct answer is C

Place utility involves the changing of location of a commodity from one geographical area where it has little utility to another area where its utility is higher. For example, cattle are mainly reared in the North where it has little utility but transported to the South where it has higher utility.

292.

Factors affecting size of Labour Force include the following EXCEPT?

A.

Level of technology

B.

Retirement age

C.

Government policies

D.

Trade Union activities

Correct answer is A

Factors that affect the size of Labour Force include the following: Size of population of a country, official school leaving age, retirement age, pursuit of higher education, age, structure of population, role of women in the society, number of working hours and working days, the number of disabled, the number of people willing to work, migration.

293.

Calculate the population density of Nigeria, having a total population of 180 million with a total land area of 923,768 sq km?

A.

195 million people per sq km

B.

5132 people per sq km

C.

195 people per sq km

D.

1.7 million people per sq km

Correct answer is C

Total population = 180,000,000

  Total land area = 923,768 sq km

  Population density = (Total population) / (Land area)

  =180,000,000/923,768

  =194.85

  =195 persons per sq km

294.

Consider the following statements:

  1. Climate and availability of water largely determines the pattern of the population distribution.

  2. Density of population helps in getting a better understanding of the spatial distribution of population in relation to land

  Which of the statement(s) given above is/are correct?

A.

Only 1

B.

Only 2

C.

Both 1 and 2

D.

Neither 1 nor 2

Correct answer is C

Extreme climates such as very hot or cold deserts are uncomfortable for human habitation. Areas with a comfortable climate, where there is not much seasonal variation, attract more people. People prefer to live in areas where fresh water is easily available. River valleys are among the most densely populated areas of the world. Spatial distribution of population can be better understood with the help of density of population. Hence, the correct answer is option C.

295.

The economic term used to refer to human wants, desires or needs is known as?

A.

Ends

B.

Alternative means

C.

Scarce

D.

Means

Correct answer is A

Professor Lionel C. Robbins defined economics as the science which studies human behavior as a relation to ends and scarce means which have alternative uses. The “ends” in the definition refers to human wants, desire or needs. Human wants are numerous or many relative to available resources required to satisfy them.