Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2020 - Question 16

Economics 2020 JAMB Past Questions - Question 16: The main function of price in the economic system is to

Choose the most appropriate option for the gap .

The main function of price in the economic system is to

A: allocate scarce resources among competing uses

B: ensure equitable distribution of income and wealth

C: determine the demand for and supply of goods and services

D: remove all the constraints on production of goods and services

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ECONOMICS

Economics 2020 JAMB Past Questions - Question 16: The main function of price in the economic system is to

Examkit's JAMB CBT App

Correct Answer

Explanation