Wants - 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 2019

The economic term used to refer to human wants, desires or needs is known as?

A. Ends
B. Alternative means
C. Scarce
D. Means

Question 3:

• JAMB 2019

Human wants are insatiable because wants are____________

A. Limited while means are scarce
B. Unlimited and means are also unlimited
C. Limited and means are also limited
D. Unlimited while means are scarce.

Question 4:

• JAMB 1993

It is impossible to satisfy all human wants because?

A. Areas of fertile land are very limited
B. Oceans and seas limit land space for farming
C. Resources are not equitably distributed
D. Available resources are limited

Question 5:

• JAMB 1993

It is impossible to satisfy all human wants because?

A. Areas of fertile land are very limited
B. Oceans and seas limit land space for farming
C. Resources are not equitably distributed
D. Available resources are limited