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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:
JAMB 2015
Find the range in the following data 9, 15, 6, 20, 24, 18, 12, 8, 20, 10, 5.
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  • A 24
  • B 5
  • C 19
  • D 12
View Answer & Explanation
Question 27:
JAMB 2015
All the following are properties of an indifference curves except
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  • A It can intersect
  • B It slopes downward from left to right like that of a normal demand curve
  • C As it shift rightward it indicate higher and higher level of satisfaction
  • D It does not intersect
View Answer & Explanation
Question 28:
JAMB 2015
Isocost and isoquant can be attributed to
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  • A Theory of consumer behaviour
  • B Theory of cost
  • C Theory of production
  • D Theory of value
View Answer & Explanation
Question 29:
JAMB 2015
The line Y in the diagram represents
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  • A Total cost
  • B Variable cost
  • C Fixed cost
  • D Marginal cost
View Answer & Explanation
Question 30:
JAMB 2015
The curve labeled II illustrates a system of taxation
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  • A Proportional tax
  • B Regressive tax
  • C Value added
  • D Progressive tax
View Answer & Explanation

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