Choice - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1990

In economic life, choice among alternatives depends on the?

A. Income of the decision maker
B. Scarcity of resources
C. Scale of preference of the decision maker
D. Status of the decision maker

Question 7:

• JAMB 1994

The necessity of choice is due to the fact that?

A. Human wants are insatiable
B. Consumers like to maximize satisfaction
C. Resources are abundant
D. Consumers are selective

Question 8:

• JAMB 2006

Choice involves opportunity cost because

A. Goods give different utilities
B. Available resources are inadequate
C. There are many goods to select from
D. Not all goods have the same price

Question 9:

• JAMB 2020

In economic life, the choice among alternatives depends on the?

A. Income of the decision maker
B. Scarcity of resources
C. The scale of preference of the decision-maker
D. Status of the decison maker