Jamb Economics past questions and answers PDF Download

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jamb Economics Past question and answers

1. Which Economics question paper type is
given to you?
A. Type A
B. Type B
C. Type C
D. Type D

2. Economics is the study of human
behavior as it relates to the
A. efficient allocation of resources
B. production of goods
C. operation of companies
D. generation of income

3. The downturn in the prices of shares on
stock market is a highlight of
A. efficient allocation of resources
B. the invisible hand
C. the regulatory nature of the market
D. consumer rationality

4. If = 6 and N = 6, determine the value of
∑fx
A. 36
B. 12
C. 1
D. 72

5. The standard deviation of a set of data is
A. always measured from the mode
B. the most representative of averages
C. always measured from the median
D. a measure of dispersion

6. The mean is the best measure of central
tendency because it
A. is not affected by extreme values in
a data
B. is a midpoint value in an array of data
C. is a balancing point in an observation
D. can be calculated from incomplete data

7. The most popular sizes of dresses and
shoes are determined by the
A. range
B. mean
C. mode
D. median

8. If the demand for a good is more elastic
than its supply, the tax burden is borne
A. equally by consumers and producers
B. more by producers
C. more by consumers
D. more by retailers and producers

9. If the price of a commodity with elastic
demand increases, the revenue accruing
to the producer will
A. double
B. increase
C. be constant
D. decrease

10. An excess demand for beans will result
from
A. an increase in the price of beans
B. a decrease in the price of beans
C. an increase in the supply of beans
D. a decrease in the supply of beans

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JAMB Economics Past Questions and Answers 2010 – 2018