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Economics 2008 JAMB Past Questions

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1

The deregulation of telecommunication services in Nigeria is a characteristic of

  • A. command economy
  • B. traditional economy
  • C. market economy
  • D. feudal economy
View Answer & Discuss JAMB 2008
2

The production possibility curve can be used to explain the underlying concepts of

  • A. scale of preference and choice
  • B. opportunity cost and choice
  • C. wants and means
  • D. opportunity cost and scale of preference
View Answer & Discuss JAMB 2008
3

If the increase in the price of yams is used to estimate the inflation rate, this is an example of

  • A. deductive reasoning
  • B. inductive reasoning
  • C. normative reasoning
  • D. positive reasoning
View Answer & Discuss (4) JAMB 2008
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4

If the standard deviation of a given data is 8.2, find its variance

  • A. 4.1
  • B. 67.2
  • C. 82.0
  • D. 91.8
View Answer & Discuss (2) JAMB 2008
5

If 100 units and 120 units of commodity X are supplied at N80 at different times, it means that there is

  • A. a change in supply
  • B. a change in the quantity supplied
  • C. an increase in the quantity supplied
  • D. a increase in the quantity supplied
View Answer & Discuss (4) JAMB 2008
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