JAMB Economics 2016 Past Questions

Development plans fail in Nigeria mainly because of

One of the major uses of national income statistics in Nigeria is to

The major characteristics of an undeveloped nation is

Which is of the following is NOT among the financial institutions in Nigeria?

Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55.
Determine the range?

One of the problems facing the Nigerian oil and gas industry is____________________?

The demand curve faced by a monopolist is_____?

The interest charged on loans is determined by the __________?

A country that is over-populated will face the problem of

If additional unit of a variable factor input causes a fall in the marginal product, this implies that

From the graph above P₂ in price control situation is referred

The additional cost incurred by producing an additional unit of output is known as

One of the factors that determine the supply of agricultural produce in Nigeria is

From the graph above, fixing maximum price of garri below equilibrium prices at P₁ will

In the theory of the consumer behavior, a consumer is said to maximize utility when

If Mr Wale took a loan for the purpose of investment, the demand for money is________________?

The overall demand for crude oil for various uses is an example of __________?

One of the factors limiting the effectiveness of division of labour in the production process is the

One of the important features of perfect competition is_____?

What effect would a change in price of a commodity have on its supply?

All pairs of quantities from which a consumer derives equal satisfaction can be plotted on__________?

Which of the following is a major determinant of price elasticity of demand?

If Nigeria has comparative advantage over Ghana in producing cocoa, this means_________?

One of the ways of improving the marketing of agricultural produce is by

The study of economics is necessary mainly because of

If price of yams decreases from N15.00 per tuber to N13.50 and the quantity supplied decreases by 20%. What is the elasticity of supply?

Which of the following is NOT a source of government revenue?

Public limited liability companies are owned by__________?

The type of inflation that emanates from excess demand overs supply is___________?

The price elasticity of supply of perishable goods is_________?

In Nigeria, most agricultural policies are aimed at______?

One major problem encountered by ECOWAS is_______?

One of the characteristics of private enterprises is ______?

The concept of marginal utility indicates the relationship between utility and _________?

In Nigeria, unemployment can be minimized through______?

The demand for two or more commodities to satisfy a particular want is _____?

The supply curve above is

One of the factors affecting change in demand for a commodity is the _______?

Public ownership of productive factors is a feature of_______?

If the marginal propensity to save is 0.8, calculate the multiplier?

Which of the following is a set of measures of dispersion?

The slow pace of industrial growth in Nigeria can be attributed to__________?

Consumers allocate their resources based on the ______?

A country's terms of trade can be improved by________?

A government budget proposing to spend more than its expected revenue in a year will create_______?

Population growth is determined by_______?

Which of the following can cause oil glut in the International market?

\(\begin{array}{c|c}
Price (N) & 20 & 16 \\
\hline
\text{Quantity demanded} & 100 & 58
\end{array}\)

From the table above, the elasticity of supply is_____?

Localization of industry is encouraged because of

A company's expenditure on raw materials is termed as_______?