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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 46:
As a country gets more developed, the percentage of labour engaged in agriculture tends to?
  • A Remain constant
  • B Decrease steadily
  • C Switch over to trading
  • D Increase steadily
View Answer & Explanation
Question 47:
In the diagram above, the marginal rate of substitution of X for Y, for a movement from S to T is
  • A 13:3
  • B 1:5
  • C 18:4
  • D 5:1
View Answer & Explanation
Question 48:
In the pie chart below, the percentage for children is equivalent to
  • A 288 o
  • B 720 o
  • C 90 o
  • D 144 o
View Answer & Explanation
Question 49:
In the diagram above, what is the excess demand at the price of N60
  • A 200
  • B 300
  • C 600
  • D 100
View Answer & Explanation
Question 50:
In the diagrams, the opportunity cost of a unit of cotton in terms of cocoa is
  • A 4 for Ghana; 2 for Nigeria
  • B 20 for Ghana; 60 for Nigeria
  • C 1/4 for Ghana; 1/2 for Nigeria
  • D 5 for Ghana; 30 for Nigeria
View Answer & Explanation