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Economics Past Questions and Answers

Jamb Economics Questions

Question 1:

Economics is the study of human behaviour as it relates to the

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A Efficient allocation of resources
B Production of goods
C Operation of companies
D Generation of income

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Question 2:

Economics is the study of human behaviour as it relates to the

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A Efficient allocation of resources
B Production of goods
C Operation of companies
D Generation of income

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Question 3:

The downturn in the prices of shares on stock markets is a highlight of

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A Efficient allocation of resources
B The invisible hand
C The regulatory nature of the market
D Consumer rationality

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Question 4:

The standard deviation of a set of data is

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A Always measured from the mode
B The most representative of averages
C Always measured from the median
D A measure of dispersion

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Question 5:

The mean is the best measure of central tendency because it

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A Is not affected by extreme values in a data
B Is a midpoint value in an array of data
C Is a balancing point in an observation
D Can be calculated from incomplete data

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