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Economics Past Questions and Answers

Jamb Economics Questions

Question 46:
JAMB 2023
What is the lowest price the monopolist can charge
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  • A P2
  • B P1
  • C P3
  • D P4
View Answer & Explanation
Question 47:
JAMB 2023
The maximum price is
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  • A P1
  • B P2
  • C P3
  • D P4
View Answer & Explanation
Question 48:
JAMB 2023
Real cost is
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  • A Alternative commodities forgone
  • B Amount of money spent on goods and services
  • C Cost of goods and services
  • D True cost
View Answer & Explanation
Question 49:
JAMB 2023
..................... is the highest body in ECOWAS organogram
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  • A Authority of Head of State and Government
  • B The Executive Secretariat
  • C The Defense Council
  • D Council of Ministers
View Answer & Explanation
Question 50:
JAMB 2023
Government uses all of the following ways to redistribute income, except
SchoolNGR Classroom
  • A Market intervention
  • B Transfer earnings
  • C Limited liability
  • D Taxation
View Answer & Explanation

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