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Thursday, 09 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:
The modal value of 3, 8, 4, 6, 3, 5, 2, 7, 3 and 5 is
  • A 6
  • B 3
  • C 4
  • D 5
View Answer & Explanation
Question 22:
One of the major causes of farmers' unstable income in Nigeria is _________
  • A The effect of diseases and pests
  • B Industrial pollution
  • C Mining and extraction activities
  • D Population growth
View Answer & Explanation
Question 23:
Which of the following source of income is spectacular only to Government ?
  • A Payment from business transfer
  • B Bonuses
  • C Tax
  • D Wages
View Answer & Explanation
Question 24:
When the government fix the price of essential commodities, this is referred to as:
  • A Price equilibrium
  • B Price control
  • C Demanded price
  • D Asking price
View Answer & Explanation
Question 25:
One of the functions of the price system is that it
  • A Encourages high volume of production
  • B Dictates what the citizens will consume
  • C Discourages the consumption of harmful goods
  • D Regulates production and consumption
View Answer & Explanation