Last updated on November 4th, 2022 at 06:41 pm
JAMB 2022 Economics Questions and Answers will be updated here. We have listed all the answers to JAMB Economics questions and you can check them here in this article or download a PDF.
JAMB Economics exams are coming up and you need to be prepared with the right questions and answers. On this page, we have provided all the Objective CBT answers to JAMB Economics questions for 2022 so that you can be fully prepared for your exam.
You can find JAMB Past Questions for Economics and what to expect in the actual JAMB examination on this page. All the JAMB Economics past questions are available on this page for your convenience.
It’s best if you practice very well with the Past Questions JAMB Economics prior to the examination date. We will assist you very much in that aspect by providing you with the full questions and answers.
JAMB Economics Questions and Answers 2022
- An ageing population is a population
A. with a high dependency ratio
B. with many young people
C. in which the number of old person is increasing
D. that is dominated by very old people - The population of Ohaha L.G.A. Was 480 000 in December 1980 out of which 60% were females. If within one year no births were recorded, but 5% of the males died, what will be the population of the L.G.A.In December 1981?
A. 96000
B. 192 000
C. 288 000
D. 470 400 - What is meant by labour supply?
A. Number of people in a working population
B. Number of men and hour they work
C. Number of hours during which the middle-aged persons works
D. Number of workforce multiplied by the hours they work - The advantage which firms obtain directly from expanding their operations are referred to as
A. Internal economies of scale
B. External economics of scale
C. Economies of localization
D. Economies of resource allocation - The factor of production that has the highest degree of mobility is
A. land
B. labour
C. capital
D.entrepreneurship - Any payment to a factor of production in excess of what is necessary to keep that factor in its present employment is known as
A. real income
B. profit
C. economic rent
D. real wage
