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Sunday, 22 March 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:
------------- is NOT the cause of balance of payments (BOP) deficits in Nigeria
  • A Poor performance of non-oil sector
  • B Export promotion
  • C No import substitution strategies
  • D High servicing of debt
View Answer & Explanation
Question 22:
Institutions serving as links between surplus and deficit units can be identified as
  • A Tax officers
  • B Pension offices
  • C Financial intermediates
  • D Acceptance houses
View Answer & Explanation
Question 23:
Which of the following will cause an increase in cost of production?
  • A Hyper-inflation
  • B Cost push inflation
  • C Structural inflation
  • D Demand pull inflation
View Answer & Explanation
Question 24:
The number of people who are qualified to work and who offered themselves for employment are called
  • A Mobility of labour
  • B Working population
  • C Migrant labour
  • D Labour turnover
View Answer & Explanation
Question 25:
Overpopulation is caused by
  • A Emigration
  • B Disease
  • C Low Literacy rates
  • D War and conflicts
View Answer & Explanation