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Monday, 13 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:
A form of tax that is mildly progressive and regressive is_______
  • A Proportional tax
  • B Progressive tax
  • C Regressive tax
  • D Digressive tax
View Answer & Explanation
Question 27:
Industrialization is the process of___________
  • A Concentrating a firm in a place
  • B Transforming as economy based on extractive to manufacturing
  • C Transferring a government industry to individual
  • D Transforming finished goods into semi-finished goods
View Answer & Explanation
Question 28:
One of these is not a way by which government encourage industrialization?
  • A Protection of Infant industries
  • B Establishment of Nigeria Enterprises Promotion Decree
  • C Low Productivity and inefficiency
  • D Establishment of higher institutions
View Answer & Explanation
Question 29:
The purchasing power of money depends upon the__________
  • A Value
  • B Index
  • C Price Level
  • D Wages
View Answer & Explanation
Question 30:
A retailer is distinguished by the nature of its sales, which is in___________
  • A Bulk
  • B Large
  • C Units
  • D Chain
View Answer & Explanation