JAMB Economics Questions and Answers 2021/2022 To CBT Exams: Download likely JAMB Economics Expo Exposed for Candidates seeking for JAMB Economics Answers online.
This article is out to updates all candidates writting the Joint Admission and Matriculation Board, JAMB Economics Exams 2021 and are equally looking for the current JAMB Economics CBT Questions and Answers.
We will make available JAMB Economics guidelines for you, other necessary information to guide candidates while the Economics exams is going on, read and follow instructions given.
JAMB Economics Objectives Questions and Answers
Below are JAMB Economics Sample Questions and Answers: Make sure you read the passage carefully before attempting the questions. You are expected to take only one option.
- 1. what happen to factors of production in a long run?
A. fixed
B. semi-fixed
C. variable
D. All of the above
ANSWER: C (variable)
- 2. The advantage which firms obtain directly from expanding their operations are referred to as
A. internal economies of scale
B. external economies of scale
C. economics of localization
D. Non of the above
ANSWER: A ( internal economies of scale)
- 3. The effect of changes in the condition of demand on a demand schedule with the price constant is a
A. movement along the demand curve
B. deflation of the demand curve
C. hyperbola formation by the demand curve
D. shift of the demand curve
ANSWER: D (shift of the demand curve)
- 4. what will happen to a demand curve that intersects a perfectly inelastic supply shifts rightward?
A. the equilibrium price and quantity will increase
B. only the price will increase
C. only quantity will increase
D. the price will remain constant
How to get JAMB Economics Answers
If you want to get JAMB Economics Answers, all you have to do is to follow every update on this page. The JAMB Questions are not very far from the previous question. candidates who made use of their past questions and equally practice with the CBT Application will not have anything to worry about.
SEE: JAMB CBT Centres in Nigeria (all States)
How To Answer JAMB Economics Questions
To Make the best out of the exams, we encourage candidates to read the questions carefully before taking any option.
The fact here is that you will understand the questions very well. There are some questions that demand less time while others do not. Calculate your time very well.
Major Subjects to consider in Economics
The following Subjects will not fail to appear:
- Economics as a science
- Economic Systems.
- Methods and Tools of Economic Analysis
- The Theory of Demand
- The Theory of Consumer Behaviour
- The Theory of Supply
- The Theory of Price Determination
- The Theory of Production
- Theory of Costs and Revenue
- Market Structures
- National Income
- Money and Inflation
- Financial Institutions
- Public Finance
- Economic Growth and Development
- Agriculture in Nigeria
- Industry and Industrialization
- Business Organizations
- Population
- International Trade
- International Economic Organizations
- Factors of Production and their Theories
SEE:
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Time Duration for JAMB Economics Exams
The time expected to answer Economics questions may not be more than 50 minutes.
Do not forget that you will have three subjects to tackle, do not waste your time in one subject. The total time for the three subjects will be within 2 hours 30 minutes.
JAMB Economics Frequently Repeated questions
There are many Questions candidates may not fail to see in Every Year JAMB Exams.
These Questions are there for candidates who make good use of their Past Questions and The CBT Practice Softwares.
Other Factors to consider in Answering JAMB Questions
- Read All Questions Carefully. The stress of the exam situation can make you misread a question, think about your answer before you pick one, start writing your choices of answer down. …
- Manage Your Time. …
- Structure Your Answer. …
- Explore Both Sides of an Argument. …
- Review Your Answers Thoroughly.
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