JAMB Economics questions

378 questions with answers and explanations. Tap an option to check yourself.

1. Question 261· Public finance· JAMB

   A progressive tax is one in which

   • Aonly companies pay
   • Beveryone pays the same amount
   • Cthe rate falls as income rises
   • Dthe tax rate rises as income rises

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2. Question 262· The labour market· JAMB

   Collective bargaining is

   • Athe buying of goods in bulk
   • Bthe setting of prices by firms
   • Cnegotiation between trade unions and employers over wages and conditions
   • Da government tax

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3. Question 263· The labour market· JAMB

   Unemployment of workers who are between jobs is

   • Africtional unemployment
   • Bstructural unemployment
   • Cseasonal unemployment
   • Ddisguised unemployment

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   Explanation and discussion

4. Question 264· The labour market· JAMB

   The wage rate in a competitive labour market is determined by

   • Athe government only
   • Bdemand for and supply of labour
   • Cemployers alone
   • Dunions alone

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5. Question 265· The labour market· JAMB

   The minimum wage is

   • Athe lowest wage employers are legally allowed to pay
   • Bthe average wage
   • Cthe highest wage
   • Dthe tax on wages

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6. Question 266· The labour market· JAMB

   Seasonal unemployment is common in

   • Ateaching
   • Bbanking
   • Cgovernment service
   • Dagriculture and tourism

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7. Question 267· The labour market· JAMB

   Seasonal unemployment is most common among

   • Afarm labourers
   • Bcivil servants
   • Cbank workers
   • Dteachers

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8. Question 268· The labour market· JAMB

   Wage differentials between occupations arise mainly from differences in

   • Askills, training and responsibility
   • Bworkers' names
   • Cthe weather
   • Dthe colour of uniforms

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9. Question 269· The labour market· JAMB

   Unemployment caused by long-term changes in the structure of an economy is

   • Astructural unemployment
   • Bseasonal unemployment
   • Cfrictional unemployment
   • Dcyclical unemployment

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10. Question 270· The labour market· JAMB

    Structural unemployment is caused by

    • Ashort gaps between jobs
    • Bseasonal weather
    • Clong-term changes in the structure of the economy
    • Da general recession

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11. Question 271· The labour market· JAMB

    The demand for labour is said to be derived because

    • Ait is fixed by government
    • Bworkers choose their wages
    • Cit never changes
    • Dit depends on the demand for the goods labour produces

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12. Question 272· The labour market· JAMB

    The labour force of a country consists of

    • Aonly government workers
    • Ball people in the country
    • Conly people with jobs
    • Dpeople of working age who are willing and able to work

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13. Question 273· The labour market· JAMB

    The main aim of trade unions is to

    • Acollect taxes
    • Bfix prices of goods
    • Cmanage companies
    • Dimprove the wages and working conditions of members

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14. Question 274· The labour market· JAMB

    Cyclical unemployment is caused by

    • Atechnological change
    • Ba fall in aggregate demand during recession
    • Cbad weather
    • Dworkers changing jobs

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15. Question 275· The labour market· JAMB

    In a free labour market, wages are determined by

    • Athe price of land
    • Bthe government alone
    • Cthe trade unions alone
    • Dthe demand for and supply of labour

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16. Question 276· The labour market· JAMB

    Disguised unemployment, common in traditional agriculture, occurs when

    • Aworkers have the wrong skills
    • Bworkers are between jobs
    • Cmore people work on a task than are needed, so some add nothing to output
    • Dwork is seasonal

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17. Question 277· The labour market· JAMB

    Unemployment caused by a general downturn (recession) in the economy is

    • Acyclical unemployment
    • Bfrictional unemployment
    • Cseasonal unemployment
    • Dvoluntary unemployment

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18. Question 278· Theory of consumer behaviour· JAMB

    If a consumer's income increases while prices stay the same, the budget line

    • Abecomes steeper only
    • Bshifts inwards
    • Cshifts outwards parallel to the original
    • Ddoes not change

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19. Question 279· Theory of consumer behaviour· JAMB

    Consumer surplus is the difference between

    • Awhat a consumer is willing to pay and what he actually pays
    • Btotal and marginal utility
    • Cincome and expenditure
    • Dprice and cost of production

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20. Question 280· Theory of consumer behaviour· JAMB

    The marginal utilities of the first three oranges eaten are 10, 8 and 6 utils. Find the total utility of the three oranges.

    • A30 utils
    • B6 utils
    • C8 utils
    • D24 utils

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    Explanation and discussion