Jamb Economics 2017 Past Questions and Answers

Question 21:

• JAMB 2017

The modal value of 3, 8, 4, 6, 3, 5, 2, 7, 3 and 5 is

A. 6
B. 3
C. 4
D. 5

Question 22:

• JAMB 2017

One of the major causes of farmers' unstable income in Nigeria is _________

A. The effect of diseases and pests
B. Industrial pollution
C. Mining and extraction activities
D. Population growth

Question 23:

• JAMB 2017

Which of the following source of income is spectacular only to Government ?

A. Payment from business transfer
B. Bonuses
C. Tax
D. Wages

Question 24:

• JAMB 2017

When the government fix the price of essential commodities, this is referred to as:

A. Price equilibrium
B. Price control
C. Demanded price
D. Asking price

Question 25:

• JAMB 2017

One of the functions of the price system is that it

A. Encourages high volume of production
B. Dictates what the citizens will consume
C. Discourages the consumption of harmful goods
D. Regulates production and consumption