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Economics Past Questions For JAMB/WAEC/NECO Students V6

Economics Past Questions For JAMB/WAEC/NECO Students V6; These Economics questions are for students who are sitting for the following examinations:

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  • NECO
  • WAEC GCE
  • NECO GCE
  • NABTEB
  • NABTEB GCE

Economics Past Questions For JAMB/WAEC/NECO Students V6

 

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#1. Which of the following are direct taxes?

#2. In the diagram P1 S is a supply curve for a manufactured. itis shows that

#3. In perfect competition a firm’s price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm’s marginal cost (MC)?

#4. The curves Do Do and SoSo are the demand and supply curves respectively. What happens when government subsidizes producers in order to boost output?

#5. When demand is elastic, it means that consumers

#6. Full employment is a situation in which?

#7. Demand for a factor of production is?

#8. Differentiated product is the characteristic feature of?

#9. Nigeria is currently implementing the?

#10. Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?

#11. Agriculture plays a dominant role in West Africa economics because

#12. Which of the following defines Economics most comprehensively?

#13. Age-structure in Nigeria is such that the working age-group is in the years

#14. NEPA as a public corporation is?

#15. A major function of middlemen in Nigeria is the distribution of?

#16. When a government owns enterprises, a number of advantage arise. Which of thefollowing is NOT one of such advantages?

#17. Which of the following is NOT an advantage of localization of industries?

#18. The monetary system that requires double coincidence of want is known as?

#19. The effect of emigration on a country’s population, all other things remaining equal, is to

#20. Petroleum ‘glut’ in international trade means

#21. International trade is necessary because?

#22. Mono production economies are those that?

#23. The quickest way of achieving an economic union on regional basis is to remove all?

#24. If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?

#25. In the event of a limited liability company going into liquidation each

#26. A greater burden of the taxes on essential goods is borne by the?

#27. Comparative cost doctrine of international trade means specialization in production

#28. The meaning of ‘Dumping’ is selling goods in a foreign market

#29. Disequilibrium in the balance of payment means?

#30. Which of the following enterprises does NOT pursue the sole objective of profit maximization?

#31. Public expenditure creates expansionary effects in the economy when it is

#32. The maintenance of general economic stability in the country necessarily relies heavily on?

#33. The supply of loanable funds is significantly influenced by?

#34. Division of labour has many advantages . Not withstanding, it is greatly limited by?

#35. Palm oil industry is located in Bendel State because the State?

#36. The meaning of ‘wage-price spiral’ is?

#37. In an inflationary period which of the following statements is NOT true?

#38. Retailers in an economy perform the function of

#39. In a sole proprietorship, the decisions are made by the?

#40. Production possibilities(alternatives) P Q R S T Units of shelter 5 4 3 2 0 Units of food 0 5 9 12 15 Basedon the above production possibilities table, the real cost of a unit of food when alternative R is selected is?

#41. The concept of economic efficiency primary refers to?

#42. If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will added less to the output than previous units of the labour. This concept is known as?

#43. A Nigerian household’s demand curve for semovita is downward because?

#44. Marginal cost curve intersects average cost curve ?

#45. Which of the following is NOT include in measuring national income by the income approach?

#46. A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?

#47. Which of thefollowing items is NOT an argument for locating industries in rural areas?

#48. The natural growth rate of a population is the

#49. Which of the following sets fully represents factors of production?

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