Home School News C B T Classroom

Friday, 22 November 2024

Register • Login

Efficiency use of resources - Jamb Economics Past Questions and Answers

Jamb Economics Past Questions

Jamb Past Questions and Answers on Efficiency use of resources

Question 6:

JAMB 2020

Efficiency in production means?

A. Reducing the size of the work force
B. Producing a given output with the lowest cost of combination of factors of production
C. Adoption of capital intensive technology
D. Increasing the quantity of the fixed factors of production

View Answer & Explanation

Question 7:

JAMB 2021

An economic problem arises when ____________

A. Sellers are few
B. Scarcity and choices are involved
C. Buyers are many
D. Money is in short supply

View Answer & Explanation

Jamb Subjects

• Accounts - Principles of Accounts

• Animal Husbandry

• Agricultural Science

• Arabic

• Biology

• Book Keeping

• Chemistry

• Commerce

• Christian Religious Knowledge (CRK)

• Civic Education

• Computer Studies

• English Language

• Economics

• Fine Arts

• French

• Further Mathematics

• Geography

• Government

• History

• Hausa

• Insurance

• Igbo

• Islamic Religious Knowledge (IRK)

• Literature in English

• Mathematics

• Music

• Physics

• Physical Education

• Sweet Sixteen

• The Life Changer

• Yoruba

About

Back to Top

...

Disclaimer

All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com