Jamb 2016 Economics Past Questions And Answers
1
The type of inflation that emanates from excess demand overs supply is___________?
- A. Galloping inflation
- B. Imported inflation
- C. Demand-pull inflation
- D. Cost-push inflation
2
One of the factors affecting change in demand for a commodity is the _______?
- A. Supply of the commodity
- B. Availability of the substitutes
- C. Price of the commodity
- D. Technical know-how
3
The price elasticity of supply of perishable goods is_________?
- A. Elastic
- B. Unitary
- C. Inelastic
- D. Zero
4
In Nigeria, unemployment can be minimized through______?
- A. Diversification of the economy
- B. Strict immigration law
- C. Paying unemployment benefits
- D. Restrictive fiscal policy
5
One of the problems facing the Nigerian oil and gas industry is____________________?
- A. Over-capacity utilization
- B. The discovery of alternative oil sources
- C. Shortage of indigenous manpower
- D. The excess supply of petroleum products
6
In Nigeria, most agricultural policies are aimed at______?
- A. Ensuring equitable distribution of income
- B. Liberalizing all sectors of the nation's economy
- C. Encouraging the development of manufacturing sector
- D. Achieving self-sufficiency in food production
7
One of the major uses of national income statistics in Nigeria is to
- A. Equally distribute national income among citizens
- B. Determine the total population
- C. Compare population growth among nations
- D. Estimate per capita income
8
One of the characteristics of private enterprises is ______?
- A. Provision of welfare to the citizens
- B. That tax payers bear all the risks
- C. Public ownership of shares
- D. Individual funding of business activities
9
One of the ways of improving the marketing of agricultural produce is by
- A. Reviewing the land tenure system
- B. Ensuring even distribution of farm inputs
- C. Embarking on irrigation farming
- D. Establishing agricultural marketing boards
10
Public ownership of productive factors is a feature of_______?
- A. Socialism
- B. Capitalism
- C. Feudalism
- D. Mixed economy