Jamb Economics 2023 Past Questions and Answers

Question 6:

• JAMB 2023

The diagram above represent

A. Supply curve
B. Production possibility curve
C. Indifference curve
D. Demand curve

Question 7:

• JAMB 2023

40 men were employed in a farm, and they produced an average of 30 tonnes of cassava per person. Calculate the total product.

A. 1,300 tonnes
B. 1,100 tonnes
C. 1,200 tonnes
D. 1,400 tonnes

Question 8:

• JAMB 2023

Economists refer to private goods as

A. Rivalrous and non-excludable
B. Rivalrous and excludable
C. Non rival and non- excludable
D. Non rival and excludable

Question 9:

• JAMB 2023

The rate of output per worker (or group of workers) per unit time is called

A. Labour productivity
B. Total output
C. Individual output
D. Workdone

Question 10:

• JAMB 2023

The quantity of commodity a consumer is willing and able to buy at a particular time is called

A. Supply
B. Wish
C. Demand
D. Desire