Jamb Economics Past Questions and Answers

Question 2226:

• JAMB 2022

Fiscal policy measures imply a change in

A. Only taxation to control aggregate demand
B. Bank rate to infulence lending
C. Only government expenditure to regulate an economy
D. Government revenue and expenditure to regulate an economy

Question 2227:

• JAMB 2022

problems arise in all societies because

A. Resources are mismanaged by leaders
B. There is no proper planning
C. Resource are not in adequate supply
D. The services of economists are not employed

Question 2228:

• JAMB 2022

Which of the following is not emphasized in a product possibility curve?

A. Scarcity of resources
B. Economic development
C. Inefficiency in the use of resources
D. Unemployment of labour

Question 2229:

• JAMB 2022

Producers operating in a free market economy are more efficient as a result of

A. The existence of competition
B. The very few number of participants
C. The commitment of the shareholders
D. Government regulation of their activities

Question 2230:

• JAMB 2022

In a pie chart, the population of a city is represented by 45. If the country has a population of 10 million people, then the city's population is?

A. 0.0045 million
B. 4.5 million
C. 1.25 million
D. 16 million