Scientific Approach - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2001

When a generalization is made based on observed facts, it is known as?

A. Deductive reasoning
B. Inductive reasoning
C. Theoretical reasoning
D. Normative reasoning

Question 3:

• JAMB 2002

A scientific approach in economic analysis entails?

A. A deductive method only
B. Both inductive and normative methods
C. A normative method only
D. Both inductive and deductive methods

Question 4:

• JAMB 2003

In economic analysis, a statement is said to be normative if it?

A. Relates to value judgement
B. Is incorrect
C. Can be tested scientifically
D. Is contradictory

Question 5:

• JAMB 2008

If the increase in the price of yams is used to estimate the inflation rate, this is an example of

A. Deductive reasoning
B. Inductive reasoning
C. Normative reasoning
D. Positive reasoning