Search SchoolNGR

Tuesday, 07 April 2026
Register . Login

Economics Past Questions and Answers

Jamb Economics Questions

Question 21:
If the growth rate of available resources continuously outpaces that of the population, a country will eventually experience?
  • A Maximum population
  • B Underpopulation
  • C Overpopulation
  • D Optimum population
View Answer & Explanation
Question 22:
The equilibrium wage in an economy is determined by the?
  • A Public service
  • B Worker's union
  • C Rate of inflation
  • D Supply and demand for labour
View Answer & Explanation
Question 23:
The Malthusian theory of population growth is often said to be?
  • A Ambiguous
  • B Oversimplified
  • C Pessimistic
  • D Optimistic
View Answer & Explanation
Question 24:
Improved labour efficiency can be measured by?
  • A An increase in output-input ratio
  • B An decrease in output-input ratio
  • C The constancy of input-output ratio
  • D An increase in input-output ratio
View Answer & Explanation
Question 25:
As a firm increases its output, the average fixed cost?
  • A Tends to rise continuously
  • B Remains constant
  • C Rises and then falls
  • D Tends to decreased continuously
View Answer & Explanation