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Economics Past Questions and Answers

Jamb Economics Questions

Question 16:

Which of the following falls continuously as output expands?

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A Average fixed cost
B Marginal cost
C Average variable cost
D Average cost

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Question 17:

A major obstacle to rapid agricultural development in Nigeria is the?

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A Ineffective use of crude implements
B Inability of farmers to adopt modern technology
C Introduction of the Green Revolution programme
D Declining population growth rate

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Question 18:

The land tenure system in Nigeria impedes agricultural production because?

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A Land fragmentation makes possible easy access to land ownership
B It discourages specialization of factors of production
C It limits opportunity for mass production of agricultral goods
D Small land holders generally do not get enough fertilizer to use

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Question 19:

The major problem of cooperative societies in Nigeria is that?

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A They often lack cohersion and continuity
B Their liability is unlimited to members
C Voting is by proxy
D Their management style is poor

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Question 20:

The primary objective of establishing the Export Process Zone is to?

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A Facilitate agricultural production
B Encourage the production and processing of export commodities
C Erect imported raw materials
D Erect economic structures near the port

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