Jamb Economics 2009 Past Questions and Answers

Question 1:

• JAMB 2009

Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

A. A bag only
B. A book and a bag
C. A shirit and a bag
D. A shirit only

Question 2:

• JAMB 2009

Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

A. A bag only
B. A book and a bag
C. A shirit and a bag
D. A shirit only

Question 3:

• JAMB 2009

A typical feature of a market economy is that

A. All producers make profit
B. Full employment exists
C. Consumer sovereignty exists
D. There is equality of economic agents

Question 4:

• JAMB 2009

A cumulative frequency graph is

A. A histogram
B. An ogive
C. A bar chart
D. A pie chart

Question 5:

• JAMB 2009

The privatization exercise in Nigeria is a move towards a

A. Mixed economy
B. Subsistence economy
C. Market economy
D. Command economy