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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:

One of the functions money is that, it helps?

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A Detect frauds in matters of exchange
B Postponed payments without loss of count
C Store information about the valuation of an item
D Record information about the valuation of an item

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Question 37:

Fiscal policy involves changes in?

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A Open market operations
B Revenue and expenditure of government
C Money supply to the economy
D Imports and exports

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Question 38:

Economic development may be defined as economic growth?

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A In a given country
B Over a long period
C And improved health facilities
D And improved distribution of wealth

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Question 39:

The price of a good will not be affected by the imposition of a sales tax on it if the?

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A Supply is inelastic
B Demand is inelastic
C Supply is perfectly elastic
D Demand is perfectly elastic

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Question 40:

A free trade area emerges when?

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A Traders from one part of the country can move freely to other parts
B Customs regulation are harmonized among countries
C A group of countries decide to remove restrictions on imports from one another
D The UNCTAD is in force

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