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question_answer Discussion Board for a Question on Quiz: Economics (WAEC 2002)

50 Questions · Public · Objective · Quiz suitable for all ages

49 Click Here To Discuss Question

Which of the following is not true of the theory of optimum population?

Select 1 Option (1 Mks)
  • It is possible for densely populated country to be underpopulated if it has insufficient labour to make the most effective use of its other factors
  • The quantity of labour which combined with the other factors gives the minimum output is known as optimum population
  • The quantity of labour which combined with the other factors, gives the maximum output, is known as optimum population
  • The test for over-population is whether it exceed the optimum
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