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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:
In a country with large population of full-time house wives, national income
  • A Will be composed of goods produced by women
  • B Figures will be grossly over-stated
  • C Statistics will be difficult to calculate
  • D Figures will be grossly under-estimated
View Answer & Explanation
Question 27:
Demand-pull inflation is likely to be caused by
  • A An increase in the cost of factor inputs
  • B Increase in the income tax rate
  • C Increase in bank lending rate
  • D Increasingly large budget deficit
View Answer & Explanation
Question 28:
Holding money to take care of contingencies is
  • A A speculative motive
  • B A transactions motive
  • C A precautionary motive
  • D An expansionary motive
View Answer & Explanation
Question 29:
If a housewife has meat and wants tomatoes, she must find someone who has tomatoes to give and wants meat. This concept is described as
  • A Scale of preference
  • B Opportunity cost
  • C Complementary demand
  • D Double coincidence of wants
View Answer & Explanation
Question 30:
The stock exchange is an example of the
  • A Labour market
  • B Money market
  • C Commodity market
  • D Capital market
View Answer & Explanation