JAMB Economics · Foundations of economics
Economic systems: JAMB Economics Past Questions and Answers
What the JAMB syllabus covers in Economic systems
Our summary: Free enterprise, centrally planned and mixed economies, and current economic reforms in Nigeria.
- Types and characteristics of free enterprise, centrally planned and mixed economies
- Solutions to economic problems under different systems
- Contemporary issues in economic systems (economic reforms e.g. deregulation, banking sector consolidation, cash policy reform)
Objectives
- compare the various economic systems;
- apply the knowledge of economic systems to contemporary issues in Nigeria;
- proffer solutions to economic problems in different economic systems.
Syllabus content © The Joint Admissions and Matriculation Board (UTME).
JAMB Economics questions on Economic systems
- JAMB 2024An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.
- JAMB 2024Which of the following is NOT a feature of capitalism?
- JAMB 2024Producers operating in a free market economy are more efficient as a result of
- JAMB 2022Producers operating in a free market economy are more efficient as a result of
- JAMB 2022A major disadvantage of a capitalist economy is that it
- JAMB 2022In a free market economy, the rationing of scarce goods is done principally by?
- JAMB 2021In a free market economy. the rationing of scarce goods is done principally by …
- JAMB 2021The price mechanism …
- JAMB 2020Collectivism refers to the management of state enterprises in a?
- JAMB 2019Whatever form an economic system may take, choice is essential for members of the community because resources are …
- JAMB 2019An economy system that uses what is regarded as the "Market mechanism" is called …
- JAMB 2018In a capitalist economy, factors of production are owned and controlled by the … ?
- JAMB 2018An economy in which both the public and private sectors contribute to economic growth is a … ?
- JAMB 2018The privatization exercise in Nigeria is a move towards a …
- JAMB 2018The transfer of public share holding in corporations to private enterprise is … ?
- JAMB 2016Public ownership of productive factors is a feature of … ?
- JAMB 2015In which of the following economic systems do we have the means of production and exchange controlled by private individuals
Years with Economic systems questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2024
- 2022
- 2021
- 2020
- 2019
- 2018
- 2016
- 2015