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Monday, 13 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 31:
A monopolist can boost up his revenue by
  • A Adjusting both price and output upward
  • B Reducing total output to match price
  • C Increasing price
  • D Reducing price
View Answer & Explanation
Question 32:
If MPC = 2/3 and investment is N100 million, the level of national income is
  • A N100 million
  • B N10 million
  • C N303 million
  • D N300 million
View Answer & Explanation
Question 33:
The precautionary demand for money is determined by
  • A The rate of interest
  • B The level of savings
  • C The level of income
  • D General price level
View Answer & Explanation
Question 34:
An inflation that co-exists with high rate of unemployment is
  • A Hyperinflation
  • B Stagflation
  • C Demand-pull inflation
  • D Cost-push inflation
View Answer & Explanation
Question 35:
Division of labour requires that, the tasks in a production line be performed
  • A By specialists
  • B In stages
  • C By all workers
  • D By unskilled labourers
View Answer & Explanation