When a country's population is experiencing increasing returns, that country is said to be?...
ECONOMICS
JAMB 2020
When a country's population is experiencing increasing returns, that country is said to be?
- A. overpopulated
- B. economically poor
- C. over-producing goods and services
- D. under-populated
Correct Answer: A. overpopulated
Explanation
Increasing returns occur when the output increases in a greater proportion than the increase in input. Now, when a country population is experiencing increasing returns, it means its population is rising and may get to a point where it becomes over populated.
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