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Jamb Economics Past QuestionsQuestion 31:The sector which contribute highly to the economy is___________ A. Primary sector B. Secondary sector C. Tertiary sector D. Education sector Question 32:Whatever form an economic system may take, choice is essential for members of the community because resources are__________ A. Scarce B. Unlimited C. Free D. Many Question 33:Given two substitute goods (X and Y) with demand and supply function; Qd = 7p - 12 Qs = 4p + 9 Find the magnitude of excess demand when p = ₦18 A. 303 B. 30 C. 114 D. 33 Question 34:The basic and essential economic problems in a community are related to choice and________ A. Freedom B. Scarcity C. Social class D. Politics Question 35:One of these is not a problem of agriculture___________ A. Provision of employment B. Lack of preservation and storage facilities C. Land tenure system D. Poor transportation systems |
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