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Economics 2009 JAMB Past Questions

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1

Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

  • A. A bag only
  • B. A book and a bag
  • C. A shirit and a bag
  • D. A shirit only
View Answer & Discuss (1) JAMB 2009
2

A typical feature of a market economy is that

  • A. all producers make profit
  • B. full employment exists
  • C. consumer sovereignty exists
  • D. there is equality of economic agents
View Answer & Discuss JAMB 2009
3

A cumulative frequency graph is

  • A. a histogram
  • B. an ogive
  • C. a bar chart
  • D. a pie chart
View Answer & Discuss JAMB 2009
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4

The privatization exercise in Nigeria is a move towards a

  • A. mixed economy
  • B. subsistence economy
  • C. market economy
  • D. command economy
View Answer & Discuss (3) JAMB 2009
5

A movement along the same demand curve is caused by the

  • A. price of the product
  • B. price of other products
  • C. income of the consumer
  • D. taste of the consumer
View Answer & Discuss JAMB 2009
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