Jamb Economics Past Questions and Answers

Question 91:

• JAMB 2019

The main concern of economists is to________-

A. Control the growth of population
B. Redistribute income between the rich and poor
C. Satisfy all human wants
D. Allocate scarce resources to satisfy human wants

Question 92:

• JAMB 2019

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

A. International monetary Fund
B. Countries with comparative advantage
C. Countries with superlative advantage
D. Countries producing same or identical goods

Question 93:

• JAMB 2019

If the pass mark was 40, how many students passed the examination?

A. 100
B. 120
C. 160
D. 200

Question 94:

• JAMB 2019

The Economic Commission for Africa was set up by the_________

A. UNO
B. ECOWAS
C. OAU
D. IMF

Question 95:

• JAMB 2019

The reward for capital is___________

A. Interest
B. Rent
C. Risk
D. Premium