JAMB Economics · Foundations of economics
Economics as a science: JAMB Economics Past Questions and Answers
What the JAMB syllabus covers in Economics as a science
Our summary: Wants, scarcity and choice, the basic economic problems, and using the production possibility frontier to think about them.
- Basic concepts (wants, scarcity, choice, scale of preference, opportunity cost, rationality, production, distribution, consumption.)
- Economic problems of: what, how and for whom to produce and efficiency of resource use
- Application of PPF to solution of economic problems
Objectives
- compare various concepts in economics and their applications;
- interpret graphs/schedules in relation to the concepts;
- identify economic problems;
- proffer solutions to economic problems.
Syllabus content © The Joint Admissions and Matriculation Board (UTME).
JAMB Economics questions on Economics as a science
- JAMB 2024Economic problem arises as a result of
- JAMB 2024The trade-off between two commodities along the Production Possibility Curve (PPC) shows
- JAMB 2024Economics problems arise in all societies because
- JAMB 2024The problem of "how to produce" in any economy is solved by
- JAMB 2024Which of the following is not emphasized in a product possibility curve?
- JAMB 2023Real cost is
- JAMB 2023The following are economic agents in any economy EXCEPT
- JAMB 2023Macroeconomics focuses on the following units in an aggregative manner
- JAMB 2023The development of an economic hypothesis through intuition, insight, or logic is associated with
- JAMB 2023The fundamental problem of economics is
- JAMB 2023Which of the following is an example of free good?
- JAMB 2023Economics is often described as a science because it
- JAMB 2023The decision to consume more of one product under normal circumstances will apply
- JAMB 2023Economic problem occurs when
- JAMB 2022Which of the following is not emphasized in a product possibility curve?
- JAMB 2022Scale of preference shows
- JAMB 2022The point x inside the ppc indicate?
- JAMB 2022There is unemployment of resources when production is
- JAMB 2022Economics problems arise in all societies because
- JAMB 2021Economics may be defined as …
- JAMB 2021An economic problem arises when …
- JAMB 2020Scarcity in economics means?
- JAMB 2020In economic life, the choice among alternatives depends on the?
- JAMB 2020Economics is often described as a social science because?
- JAMB 2019Whatever form an economic system may take, choice is essential for members of the community because resources are …
- JAMB 2019The basic and essential economic problems in a community are related to choice and …
- JAMB 2019Economics is a social science concerned with the proper use and …
- JAMB 2019The shape of the production possibility frontier is determined by the …
- JAMB 2018The need to construct a scale of preference is necessitated by …
- JAMB 2018The economic term used to refer to human wants, desires or needs is known as?
- JAMB 2018The basic economic problems of society include …
- JAMB 2018The study of Economics becomes necessary because of the …
- JAMB 2018The ultimate objectives of economics is to … ?
- JAMB 2018When a variable is associated with time period, it is …
- JAMB 2018Human wants are insatiable because wants are …
- JAMB 2018The main concern of economists is to … -
- JAMB 2018The expression of cost in terms of alternative forgone is referred to as … ?
- JAMB 2017Which of the following is NOT illustrated by the production possibility curve
- JAMB 2017In economics, the “how” or input question refers to:
- JAMB 2017Opportunity cost helps the government to:
- JAMB 2017The bowed shape of the Production possibilities curve illustrates …
- JAMB 2016The study of economics is necessary mainly because of
- JAMB 2015The source of all economic problems arises from
- JAMB 2015The study of broad economic aggregates is
Years with Economics as a science questions in DeeepSolve's question bank
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