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Economics Past Questions and Answers

Jamb Economics Questions

Question 16:

In Nigeria, most agricultural policies are aimed at______?

SchoolNGR Classroom

A Ensuring equitable distribution of income
B Liberalizing all sectors of the nation's economy
C Encouraging the development of manufacturing sector
D Achieving self-sufficiency in food production

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Question 17:

One major problem encountered by ECOWAS is_______?

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A Conflict of interest among members
B Increasing population
C Weakness in the trade relationship
D Language barrier

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Question 18:

One of the characteristics of private enterprises is ______?

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A Provision of welfare to the citizens
B That tax payers bear all the risks
C Public ownership of shares
D Individual funding of business activities

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Question 19:

The concept of marginal utility indicates the relationship between utility and _________?

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A Price
B Satisfaction
C Cost
D Revenue

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Question 20:

In Nigeria, unemployment can be minimized through______?

SchoolNGR Classroom

A Diversification of the economy
B Strict immigration law
C Paying unemployment benefits
D Restrictive fiscal policy

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