Jamb Economics 2022 Past Questions and Answers

Question 26:

• JAMB 2022

In a country with large population of full-time house wives, national income

A. Will be composed of goods produced by women
B. Figures will be grossly over-stated
C. Statistics will be difficult to calculate
D. Figures will be grossly under-estimated

Question 27:

• JAMB 2022

Demand-pull inflation is likely to be caused by

A. An increase in the cost of factor inputs
B. Increase in the income tax rate
C. Increase in bank lending rate
D. Increasingly large budget deficit

Question 28:

• JAMB 2022

Holding money to take care of contingencies is

A. A speculative motive
B. A transactions motive
C. A precautionary motive
D. An expansionary motive

Question 29:

• JAMB 2022

If a housewife has meat and wants tomatoes, she must find someone who has tomatoes to give and wants meat. This concept is described as

A. Scale of preference
B. Opportunity cost
C. Complementary demand
D. Double coincidence of wants

Question 30:

• JAMB 2022

The stock exchange is an example of the

A. Labour market
B. Money market
C. Commodity market
D. Capital market