Jamb Economics 2022 Past Questions and Answers

Question 21:

• JAMB 2022

Positive check as envisaged by Thomas Malthus can be prevented if

A. Death rate is reduced
B. Moral restraint abolished
C. More hospitals are built
D. There is natural calamities

Question 22:

• JAMB 2022

Which of the following factors is not a reason for farmers' unstable incomes?

A. Dependence on too many crops
B. Poor storage facilities
C. Adverse weather conditions
D. Recession in the world economy

Question 23:

• JAMB 2022

Local firms can help in reducing unemployment in a country when

A. Land acquisition becomes centralized
B. Imports of substitutes are reduced
C. Waste in the firm is eliminated
D. Subsidies to firms are decreased

Question 24:

• JAMB 2022

The largest component of national income in developing countries consist of

A. Profit
B. Profit and rent
C. Rent
D. Wages and salaries

Question 25:

• JAMB 2022

A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the bread for S320.00. The value added by the baker.

A. $302.00
B. $52.00
C. $18.00
D. $622.00