Jamb Economics Past Questions and Answers

Question 2261:

• JAMB 2022

The curve labelled x is the

A. Total revenue curve
B. Total product curve
C. Marginal product curve
D. Marginal revenue curve

Question 2262:

• JAMB 2022

The line labelled M in the diagram above represent

A. Total cost
B. Fixed cost
C. Variable cost
D. Average cost

Question 2263:

• JAMB 2022

The International Bank for Reconstruction and Development(IBRD) performs the following functions except ____________

A. Granting long-term loans
B. Assisting with technical expertise
C. Reducing tariff among members
D. Developing human resource

Question 2264:

• JAMB 2022

An electrical engineer who is teaching physics in a secondary school is said to be

A. Under-employed
B. Unemployed
C. Fully employed
D. Technologically unemployed

Question 2265:

• JAMB 2022

One benefit a country can derive from the extraction of crude oil is increase in

A. Population
B. Employment
C. Money supply
D. Demand for imports