JAMB Economics 2018 Past Questions

The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

In the long run, all production factors are____________

Commercial bank reserves at the Central Bank____________

If the standard deviation of a given data is 8.2, find its variance_______________

The ultimate objectives of economics is to_________?

The savings deposit in a commercial bank is called____________?

A major determinant of the demand for a luxury good is____________?

When a variable is associated with time period, it is_____________

The factor of production that has the highest degree of mobility is__________?

The minimum number of share holders for joint stock companies is_______________

If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then____________

The basic economic problems of society include___________

In an open economy, the GNP is measured as_____________?

In a developing economy, productivity is measured by the____________

The need to construct a scale of preference is necessitated by____________

The privatization exercise in Nigeria is a move towards a____________

The mean is the best measure of central tendency because it__________

The current stage of the economy is depicted in curve I. The movement of curve I to II suggests___________

When elasticity is zero, the demand curve is_____________

Which of the following is not a direct tax?

A limited liability company is owned by________________

If the price of a ball point pen falls from N1.00 to No.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________

The money paid per hour for work done is_________

From the graph above the consumer will attain equilibrium at point_______________

By utility we mean____________

Concentrating industries in one place is advantageous because there are gains in terms of_____________

The effects on the demand for product A caused by a change in the price of product B is Called____________

An upward movement along the same supply curve result in_____________

The coefficient of the price elasticity of supply is always_____________

In the history of economics the concept of division of labour is usually associated With______________-

Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?

From the diagram shown, the optional point of production is_____________?

An ad valorem tax is imposed on_____?

The labour force of a country is determined by the___________

The transfer of public share holding in corporations to private enterprise is___________?

An economy in which both the public and private sectors contribute to economic growth is a__________?

A  capital market differs from the money market in that in the former ________?

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

From the table, Calculate the median___________

The expression of cost in terms of alternative forgone is referred to as ____?

The full meaning of NAPEP is?

Taxes and government expenditures are instruments of____________

As a factor of production, the reward for land is?

The diagram below represents a production function. At which of the points does diminishing returns set in__________

The two major types of international trade are Bilateral trade and?

A country's budget allocation to various sectors of the economy is shown in the pie chart .

 If the budget of the country was $7,200.00, how much is allocated to education?

In a capitalist economy, factors of production are owned and controlled by the _____?

Efficiency of labour in a country is determined by the following except the____________