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Economics Past Questions and Answers

Jamb Economics Questions

Question 46:

A society which forgoes present consumption

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A Is forced to do so because of excessive consumption within the country in the past
B Is devoting new resources to new capital formation
C Is merely devoting resources to the replacement of capital
D Expects to consume only that amount tomorow which was forgone today

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Question 47:

ECOWAS will enable the countries involved to achieve

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A Comparative political advantage over other countries not in the region
B A large market for their products
C Military superiority over countries not in the region
D Lower the transportation codt of goods wthin the region

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Question 48:

Which of the following methods is most likely to lead an economy?

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A An increase in wages and profits
B An increase in consumer demand
C A greater fraction of national Product going into investment
D A countinuous rise in bank loans

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Question 49:

The difference between the Gross Domestic Product and the Gross National Product is?

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A Allowance for total depreciation
B Total interest payments
C Total tax and interest payments
D Net income from aboard

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Question 50:

Which of the following strategies will provide more employment opportunities for Nigerians?

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A Investment in social services
B Industrialization
C Economics planning
D Eradication of illiteracy

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