Are you preparing for UTME exam? If yes, here is JAMB Economics Questions and Answers 2024. This Joint Admissions and Matriculation Board Economics expo is verified. If you are ready to score high in your JAMB question on Economics, here is a help for you.
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About JAMB Economics Questions and Answers 2024
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JAMB Economics Questions
JAMB Economics Answers 2024 Loading…
Note: The questions and answers below are for practice.
1. A greater burden of the taxes on essential goods is borne by the
A. higher income group
B. newly recruitment workers
C. lower income group
D. contract workers
2. Privatization and commercialization of public enterprises in Nigeria is necessitated by
A. the IMF conditions
B. the IBRD conditions
C. the government’s loss of interest in them
D. their operational inefficiency
3. A situation in which all inputs are doubled and output also doubles is known as
A. constant proportions
B. increasing returns to scale
C. constant returns
D. constant returns to scale.
Also Read: JAMB Mathematics Questions and Answers
4. Economic goods are termed scarce when they are
A. not available in sufficient quantities to satisfy all wants for them
B. not produced in sufficient quantities to satisfy the effective demand for them
C. of high quality
D. of primary importance in satisfying the needs of society.
5. The distinction between capital and recurrent expenditure lies in the
A. amount of expenditure involved
B. source of the revenue generated
C. nature of the goods and services to be provided
D. time frame of the expenditure
6. Under a floating exchange rate regime, the determinant of the exchange rate is
A. the system of government
B. demand for and supply of foreign goods
C. the highest denomination of the currency an act of the national assembly
How To Get JAMB Economics Questions and Answers 2024
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