Jamb Economics Past Questions For Year 2018

Question 81

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

jamb 2018

  • A. International monetary Fund
  • B. Countries with comparative advantage
  • C. Countries with superlative advantage
  • D. Countries producing same or identical goods
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Question 82

Calculate the population density of Nigeria, having a total population of 180 million with a total land area of 923,768 sq km?

jamb 2018

  • A. 195 million people per sq km
  • B. 5132 people per sq km
  • C. 195 people per sq km
  • D. 1.7 million people per sq km
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Question 83

Consider the following statements:

1. Climate and availability of water largely determines the pattern of the population distribution.

2. Density of population helps in getting a better understanding of the spatial distribution of population in relation to land

Which of the statement(s) given above is/are correct

jamb 2018

  • A. Only 1
  • B. Only 2
  • C. Both 1 and 2
  • D. Neither 1 nor 2
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Question 84

The economic term used to refer to human wants, desires or needs is known as?

jamb 2018

  • A. Ends
  • B. Alternative means
  • C. Scarce
  • D. Means
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Question 85

The Economic Community of West African States (ECOWAS) has been slow in achieving its objective because of______________

jamb 2018

  • A. The activities of multinationals
  • B. inadequate personnel at the secretariat
  • C. political instability
  • D. inadequate international support
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