JAMB - Economics (2020 - No. 31)
When a country's population is experiencing increasing returns, that country is said to be?
overpopulated
economically poor
over-producing goods and services
under-populated
Forklaring
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.