Jamb Economics Past Questions and Answers

Question 116:

• JAMB 2019

Efficiency of labour in a country is determined by the following except the____________

A. Social attitude to work
B. Education and training
C. Total population
D. Working conditions of workers

Question 117:

• JAMB 2019

The study of Economics becomes necessary because of the______________

A. Large population size of the world
B. Scarcity of resources
C. Opportunity cost of goods and services
D. Need to satisfy every desire of man

Question 118:

• JAMB 2019

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

A. Volume of trade between countries
B. Direction of international trade
C. Commodity terms of trade
D. Volume of imports

Question 119:

• JAMB 2019

X	8	10	12	16	18	20	24
F	2	1	4	3	3	1	6

From the table, Calculate the mean?

A. 24.0
B. 17.0
C. 18
D. 27.2

Question 120:

• JAMB 2019

The number of people who are qualified to work and who offer themselves for employment is called____________?

A. Migrant labour
B. Working population
C. Labor turnover
D. Mobility of Labour