Economics as a science - Jamb Economics Past Questions and Answers

Question 56:

• JAMB 1991

Macroeconomics is a study of economics science from the point of view of?

A. Resource markets or production units
B. Individual producers or consumers
C. Aggregate or general economy
D. Companies or individual firms

Question 57:

• JAMB 1991

Macroeconomics is a study of economics science from the point of view of?

A. Resource markets or production units
B. Individual producers or consumers
C. Aggregate or general economy
D. Companies or individual firms

Question 58:

• JAMB 1992

Which of the following situations can give rise to economic problems?

A. Unlimited human wants
B. Wants of varying important
C. Limited means available for satisfying wants
D. Means used in different ways

Question 59:

• JAMB 1992

Which of the following situations can give rise to economic problems?

A. Unlimited human wants
B. Wants of varying important
C. Limited means available for satisfying wants
D. Means used in different ways

Question 60:

• JAMB 1992

Scale of preference refers to?

A. Consumers preference for luxury goods
B. The household monthly income
C. List of goods and servicesin order of priority
D. Budget perparation without paying due regard to priority