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Monday, 13 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 41:
The main concern of economists is to________-
  • A Control the growth of population
  • B Redistribute income between the rich and poor
  • C Satisfy all human wants
  • D Allocate scarce resources to satisfy human wants
View Answer & Explanation
Question 42:
The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?
  • A International monetary Fund
  • B Countries with comparative advantage
  • C Countries with superlative advantage
  • D Countries producing same or identical goods
View Answer & Explanation
Question 43:
If the pass mark was 40, how many students passed the examination?
  • A 100
  • B 120
  • C 160
  • D 200
View Answer & Explanation
Question 44:
The Economic Commission for Africa was set up by the_________
  • A UNO
  • B ECOWAS
  • C OAU
  • D IMF
View Answer & Explanation
Question 45:
The reward for capital is___________
  • A Interest
  • B Rent
  • C Risk
  • D Premium
View Answer & Explanation