Economics Past Questions and Answers

Question 21 :

• JAMB 2019

The shape of the production possibility frontier is determined by the_________

A. Law of returns to scale
B. Law of diminishing returns
C. Factors of productions
D. Technology

Question 22 :

• JAMB 2019

As indifference curve shows equal level of satisfaction at all points, An isoquant shows equal level of_________

A. Input
B. Commodities
C. Output
D. Factors

Question 23 :

• JAMB 2019

Which of the following is not a cause of unemployment_______

A. Poor education
B. Lack of skills
C. Good government planning
D. Corruption

Question 24 :

• JAMB 2019

The demand for labour is a________

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

Question 25 :

• JAMB 2019

The use of government income and expenditure instrument to regulate the economy is termed______

A. Monetary policy
B. Physical policy
C. Fiscal policy
D. Public finance