Jamb Economics Past Questions and Answers

Question 2256:

• JAMB 2022

Which of the following activities will not lead to economic growth?

A. Massive importation of capital goods
B. Intensive capital formation
C. Use of modern technology
D. Massive importation of consumer goods

Question 2257:

• JAMB 2022

Nation engage in external trade because of difference in

A. Comparative cost
B. Absolute cost
C. Fixed cost
D. Variable cost

Question 2258:

• JAMB 2022

Which of the following forms of economic integration is a member nation free to impose duty against non-members

A. Customs union
B. Free trade area
C. Common market
D. Economic community

Question 2259:

• JAMB 2022

The pie chart above represent the total population of a school of 1,200. The shaded area of 60∘ shows the population of the underaged pupils.

What is the population of the matured students?

A. 600
B. 800
C. 1000
D. 1200

Question 2260:

• JAMB 2022

What type of price elasticity of demand is the diagram above representing?

A. Perfectly inelastic demand
B. Perfectly elastic demand
C. Fairly elastic demand
D. Composite demand