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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 6:
JAMB 1984
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
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  • A Length and cost of training
  • B Demand and supply
  • C Attractiveness of the job
  • D Influence of the trade union
  • E Government intervention
View Answer & Explanation
Question 7:
JAMB 1984
The advantages that accrue to a firm as the size of the firm increases are known as
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  • A External diseconomies
  • B Internal returns to scale
  • C Internal economies
  • D Internal diseconomies
  • E Constant returns to scale
View Answer & Explanation
Question 8:
JAMB 1984
Which Of the following is NOT an obstacle to economic development?
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  • A Low level of investment
  • B Lack of modern technology
  • C High rate of population growth
  • D Low productivity
  • E Dedicated leadership
View Answer & Explanation
Question 9:
JAMB 1984
An aging population refers to the preponderance of?
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  • A Middle-aged people in the population
  • B Young people in the population
  • C Women in the the population
  • D Old men in the population
  • E Old people in the population
View Answer & Explanation
Question 10:
JAMB 1984
Which of the following is NOT a determinant of the size economically active population?
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  • A Age structure
  • B Occupation of workers
  • C Proportion of men to women
  • D Average length of the working day
  • E Efficiency of the labour force
View Answer & Explanation

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