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Economics Past Questions For JAMB/WAEC/NECO Students V14

Economics Past Questions For JAMB/WAEC/NECO Students V14; These Economics questions are for students who are sitting for the following examinations:

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  • JAMB
  • Post-UTME / Post-JAMB
  • WAEC
  • NECO
  • WAEC GCE
  • NECO GCE
  • NABTEB
  • NABTEB GCE
 

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#1. Which of the following statements must hold if price discrimination is to be possible?

#2. Which of the following items is not included in measuring national income by the income approach?

#3. Which of the following statements is not true in an inflationary period?

#4. Palm oil industry in located in Bendel State because the state

#5. Which of the following is not an argument for locating industries in rural areas?

#6. Which of the following is a function of money? It is

#7. The productivity of labour does not depend only o its own effort and efficiency, but also on I the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have good physique and be very active . Which of the above statements is /are correct?

#8. A tax is said to be good when

#9. Which of the following is a public corporation?

#10. In a sole proprietorship decisions are made by the

#11. Dumping in Economics means the selling of goods in a foreign market

#12. A shift of the demand curve to the right when the supply curve remains constant , implies that

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

#14. in the event of a limited liability company going into liquidation, each shareholder

#15. Which of the following is not regarded as money in Economics?

#16. Which of the following is not areason why people migrate from one place to another ?

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

#18. International trade is necessary mainly because

#19. Which of the following is the approximate working agent in Nigeria?

#20. Which of the following functions do retailers perform in an economy?

#21. A movement along the demand curve for some goods may be caused by a change in

#22. if an economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvement in labour ans capital combined, the balance of 3% is usually attributed to

#23. A government treasury bill is a form of debt instrument which falls due for repayment after

#24. The monetary system that requires a double coincidence of wants is known as the

#25. if over a period of time there is more money in the economy than the available goods and services , the economy is likely to experience

#26. The value of money is determined by the

#27. open market operation are the process by which

#28. Devaluation means

#29. The price system refers to the system by which

#30. Choice is necessary because resources

#31. Agriculture plays a dominant role in West African economies because

#32. Which of the following statements must hold if price discrimination is to be possible?

#33. A movement along a given demand curve for a good is caused by a change in

#34. Which of the following are direct taxes?

#35. The excess profit made by the firm in the short-run is represented by

#36. The long-run equilibrium price and quantity forthe firm are respectively

#37. Consider the following diagram where XYZ represents the average curve of a firm. XY shows that as out put increases the average declines. However, this decline cannot continue indefinitely because

#38. Consider the following diagram where XYZ represents the average curve of a firm. XY shows that as out put increases the average declines. However, this decline cannot continue indefinitely because

#39. The Gross Domestic Product is defined as the total value of?

#40. In the national income and product accounts, double counting is avoided if?

#41. If W stands for wages/salaries, P for profit, R for interest and Z for rent on land real estate, then national income is?

#42. A major obstacle to economic development is?

#43. there is an improvement in the terms of trade of a country if?

#44. Under flexible exchange rates, a deficit could be corrected by?

#45. The higher the the dependency ratio the?

#46. The age distribution of a country’s population is of economic importance because it affects the?

#47. It is important to measure the National Income of a country because?

#48. A tax that takes an increasing fraction of income as income goes down is called?

#49. Budget deficit is the amount by which?

#50. The average tax rate is defined as

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Economics Past Questions For JAMB/WAEC/NECO Students V14

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