Economics 2016 Jamb Past Questions and Answers

Question 6 :

• JAMB 2016

Which of the following is a set of measures of dispersion?

A. Mean and median
B. Mean and standard deviation
C. Range and variance
D. Mode and mean

Question 7 :

• JAMB 2016

The slow pace of industrial growth in Nigeria can be attributed to__________?

A. Lack of raw materials
B. Lack of market for produce
C. Inadequate skilled labour
D. Over-dependence on the oil sector

Question 8 :

• JAMB 2016

Consumers allocate their resources based on the ______?

A. Law of diminishing marginal utility
B. Value in use and value in exchange principle
C. Law of returns to scale
D. Diamond and water paradox

Question 9 :

• JAMB 2016

A country's terms of trade can be improved by________?

A. Revaluation of currency
B. Collective bargaining
C. Reducing demand for imported goods
D. Imposing lower export duties

Question 10 :

• JAMB 2016

A government budget proposing to spend more than its expected revenue in a year will create_______?

A. Opportunity for combating inflation
B. Depression in the economy
C. Shortage in money supply
D. Opportunity for full employment