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Economics 2010 JAMB Past Questions

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1

Economics is the study of human behaviour as it relates to the

  • A. efficient allocation of resources
  • B. production of goods
  • C. operation of companies
  • D. generation of income
View Answer & Discuss (2) JAMB 2010
2

The downturn in the prices of shares on stock markets is a highlight of

  • A. efficient allocation of resources
  • B. the invisible hand
  • C. the regulatory nature of the market
  • D. consumer rationality
View Answer & Discuss (3) JAMB 2010
3

The standard deviation of a set of data is

  • A. always measured from the mode
  • B. the most representative of averages
  • C. always measured from the median
  • D. a measure of dispersion
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4

The mean is the best measure of central tendency because it

  • A. is not affected by extreme values in a data
  • B. is a midpoint value in an array of data
  • C. is a balancing point in an observation
  • D. can be calculated from incomplete data
View Answer & Discuss (5) JAMB 2010
5

The most popular sizes of dresses and shoes are determined by the

  • A. range
  • B. mean
  • C. mode
  • D. median
View Answer & Discuss (1) JAMB 2010
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