[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
  1. Home
  2. Classroom
  3. Economics
  4. JAMB 2001

Economics 2001 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
21
An imperfect market exist where?
  • A. the product is homogenous
  • B. there is perfect information among sellers
  • C. both buyers and sellers have free entry into and free exits from the market
  • D. the location of some sellers gives them an advantage over others
View Answer & Discuss (1) JAMB 2001
22
A production function relates?
  • A. cost to output
  • B. wages to profit
  • C. cost to input
  • D. output to input
View Answer & Discuss JAMB 2001
23
A major advantage of specialization and division of labour is that?
  • A. time wastage will be minimized
  • B. trade unions will be encouraged
  • C. there will be a ready market for labour
  • D. workers will be adequately rewarded
View Answer & Discuss JAMB 2001
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
24
Which of the following is an example of a fixed cost?
  • A. Fuel cost
  • B. Electricity bill
  • C. Rent on building
  • D. Transportation cost
View Answer & Discuss (1) JAMB 2001
25
In the agricultural sector, improved extension services facilitate?
  • A. acquistion of techniques
  • B. arable crop production
  • C. mobility of labour
  • D. livestock production
View Answer & Discuss (2) JAMB 2001
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now