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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:
Which of the following is not a function of the money market?
  • A Provision of finance
  • B Enhance loan savings
  • C Creation of long term
  • D Provision of finance
View Answer & Explanation
Question 37:
The population theory that is concerned with the cases of over population and shortage of food production is ______
  • A Population density
  • B Malthusian population theory
  • C National population theory
  • D Demographical transition theory
View Answer & Explanation
Question 38:
The basic aim of Economic Community of West African States is the
  • A Discouragement of trade among member states
  • B Encouragement of revolts against former colonial masters
  • C Establishment of its headquarters in each members state
  • D Liberalization of trade among member states
View Answer & Explanation
Question 39:
The production within domestic territory of a country is called the _____
  • A Net national product
  • B Gross domestic product
  • C Net income
  • D Disposable income
View Answer & Explanation
Question 40:
Excess supply over demand will place a price advantage on _____
  • A Government
  • B Foreign investors
  • C Suppliers
  • D Consumers
View Answer & Explanation