Search SchoolNGR

Economics Past Questions and Answers

Jamb Economics Questions

Question 1:

When two variables are positively related, the graph of the relationship?

SchoolNGR Classroom

A Is a downward-sloping curve
B Has a negative intercept
C Is a straight line
D Is an upward-sloping curve

View Answer & Explanation

Question 2:

When two variables are positively related, the graph of the relationship?

SchoolNGR Classroom

A Is a downward-sloping curve
B Has a negative intercept
C Is a straight line
D Is an upward-sloping curve

View Answer & Explanation

Question 3:

For an inferior good, a decreased in real income will lead to?

SchoolNGR Classroom

A A lower equilibrium price
B A change in quantity demanded
C An outward shift of the demand curve
D An inward shift of the demand curve

View Answer & Explanation

Question 4:

In economic analysis, a statement is said to be normative if it?

SchoolNGR Classroom

A Relates to value judgement
B Is incorrect
C Can be tested scientifically
D Is contradictory

View Answer & Explanation

Question 5:

Utility is the satisfaction derived from?

SchoolNGR Classroom

A Demand
B Production
C Distribution
D Consumption

View Answer & Explanation

Stay Updated

Follow us on:

Subjects