Jamb Economics 2010 Past Questions and Answers

Question 1:

• JAMB 2010

Economics is the study of human behaviour as it relates to the

A. Efficient allocation of resources
B. Production of goods
C. Operation of companies
D. Generation of income

Question 2:

• JAMB 2010

Economics is the study of human behaviour as it relates to the

A. Efficient allocation of resources
B. Production of goods
C. Operation of companies
D. Generation of income

Question 3:

• JAMB 2010

The downturn in the prices of shares on stock markets is a highlight of

A. Efficient allocation of resources
B. The invisible hand
C. The regulatory nature of the market
D. Consumer rationality

Question 4:

• JAMB 2010

The standard deviation of a set of data is

A. Always measured from the mode
B. The most representative of averages
C. Always measured from the median
D. A measure of dispersion

Question 5:

• JAMB 2010

The mean is the best measure of central tendency because it

A. Is not affected by extreme values in a data
B. Is a midpoint value in an array of data
C. Is a balancing point in an observation
D. Can be calculated from incomplete data