Basic Economic Concepts — JAMB Economics Past Questions
Basic Economic Concepts is one topic inside the JAMB Economics syllabus, and drilling it on its own is usually faster than revising the whole subject again. Below: which JAMB years have examined it, then real Basic Economic Concepts questions with worked answers.
When JAMB examined Basic Economic Concepts
Basic Economic Concepts questions appear in our bank for the JAMB years below. This is taken from the questions themselves, not from a syllabus outline — so if a year is listed, this topic was genuinely examined that year.
A topic that keeps reappearing is a topic JAMB keeps testing. Newer years matter most, because question style drifts.
Try Basic Economic Concepts questions
Real Economics questions tagged to Basic Economic Concepts. The first is worked through completely so you can see how our explanations read — the rest you can attempt now and check inside the app.
What is the meaning of the term laissez faire?
- A Government control
- B Let the individual free
- C Other things remaining the same
- D Inverse relationship
Answer: B
Laissez faire is a French term meaning 'let the individual free', advocating minimal government interference in economic affairs.
The basis for all economic activities is
- A Scarcity.
- B Industrial expansion.
- C Economic development.
- D Capital formation.
Answer and full explanation are inside the app.
Check the answerIn economics, the concept of utility means _____.
- A The total value of all the goods and services consumed
- B The amount of satisfaction we derive from consumption of goods and services
- C The utilization of goods and services
- D The monetary value of the goods we consume
Answer and full explanation are inside the app.
Check the answerOther Economics topics
Drill Basic Economic Concepts until it stops costing you marks
Filter Economics practice to Basic Economic Concepts alone, work through it with worked explanations, and let the analytics show you when it has actually stuck. Free to start.
Basic Economic Concepts in JAMB Economics: common questions
Are Basic Economic Concepts questions free?
Yes. Create a free account and every Economics question tagged to Basic Economic Concepts is available with a worked explanation. Past questions are not paywalled.
Is Basic Economic Concepts really examined?
Yes. Basic Economic Concepts appears in our bank across 6 JAMB years, taken from the questions themselves rather than a syllabus outline.
Can I practise Basic Economic Concepts on its own?
Yes. JambUp lets you filter Economics questions to a single topic, so you can drill Basic Economic Concepts until it stops costing you marks, then move on to the next weak area.