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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 6:
One of the reason for an exceptional demand curve is the?
  • A Expectation of a future change in price
  • B Availability of credit facilities
  • C Change in the price of the commodity
  • D Availability of substitutes
View Answer & Explanation
Question 7:
A scientific approach in economic analysis entails?
  • A A deductive method only
  • B Both inductive and normative methods
  • C A normative method only
  • D Both inductive and deductive methods
View Answer & Explanation
Question 8:
In a centrally planned economy, the economic problem of deciding what to produce is dependent on?
  • A Average profit
  • B State command
  • C Average cost
  • D Relative prices
View Answer & Explanation
Question 9:
The solution to the problem of double coincidence of wants requires a buyer and seller whose demands are precisely?
  • A Competitve
  • B Composite
  • C Supplementary
  • D Complementary
View Answer & Explanation
Question 10:
The stock exchange is a market for the buying and selling of?
  • A Monetary instruments
  • B New shares
  • C Existing shares
  • D Treasury bills
View Answer & Explanation