Jamb Economics Past Questions and Answers

Question 2026:

• JAMB 2011

The transfer to public shareholding corporations to private enterprises is

A. Concession
B. Incorporation
C. Commercialization
D. Privatization

Question 2027:

• JAMB 2011

A condition in which official and autonomous exchange rate coexist is

A. Dual exchange rate system
B. Managed floating rate system
C. Market determined exchange rate system
D. Multiple exchange rate system

Question 2028:

• JAMB 2011

In modern economies, the Malthusian theory of population is ineffective because of

A. Birth control measures
B. Technical progress
C. Government policies
D. Natural disasters

Question 2029:

• JAMB 2011

A change from one industry to another by a worker is an example of

A. Geographical mobility
B. Horizonatal mobility
C. Professional advancement
D. Veritcal mobility

Question 2030:

• JAMB 2011

Trade takes place because of

A. Marginal utility
B. Inefficiency in production
C. Opportunity cost
D. Comparative advantage