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Economics Past Questions and Answers

Jamb Economics Questions

Question 6:

Which of the following factors is NOT responsible for the rural/urban drift in Nigeria?

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A The infrastructural facilities in cities
B Declining fertility of rural farmlands
C Rural electrification programme
D Higher living standards in urban areas

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Question 7:

An accurate census is important to a country because it helps?

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A In solving unemployment problem
B To ensure equitable population redistribution relative to natural resources
C In deciding on the creation of more local government
D In providing a second basis for formulating development policy

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Question 8:

If 502.75 million tonnes of grains are consumed annually by a population of 88.5 million people, the per capita grains consumption will be?

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A 6.00 tonnes
B 5.68 tonnes
C 0.60 ton
D 0.57 ton

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Question 9:

In the theory of production and cost, the average total cost of a firm is minimized when the marginal cost curve cuts the average total cost curve at its?

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A Lowest point
B Middle point
C Maximum point
D Downward slopping section

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Question 10:

A firm faces diminishing returns when its?

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A Total output diminishes
B Average output diminishes
C Marginal output diminishes
D Marginal revenue diminishes

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