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Thursday, 02 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 41:
If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?
  • A A rise in the external value of its currency
  • B A fall in the external value of its currency
  • C An increase in the volume of imports
  • D The consumption of more foreign goods
View Answer & Explanation
Question 42:
The Economic Commission for Africa was set up by the?
  • A UNO
  • B ECOWAS
  • C OAU
  • D IMF
View Answer & Explanation
Question 43:
In the diagram above, full employment is indicated by
  • A L
  • B M
  • C N
  • D P
View Answer & Explanation
Question 44:
From the table above, the total utility for the individual who consumes 3 units of commodity X is
  • A 50 units
  • B 150 units
  • C 230 units
  • D 250 units
View Answer & Explanation
Question 45:
Population Statistics of a Country. The dependency ratio between 1960 and 1990 is
  • A Increased by 5%
  • B Increased by 2%
  • C Decrease by 2%
  • D Decrease by 5%
View Answer & Explanation