Economics Past Questions For JAMB/WAEC/NECO Students V27; These Economics questions are for students who are sitting for the following examinations:
- JAMB
- Post-UTME / Post-JAMB
- WAEC
- NECO
- WAEC GCE
- NECO GCE
- NABTEB
- NABTEB GCE
Economics Past Questions V27 (JAMB/WAEC/NECO)
Results
#1. When there is a change from T to N, it implies that
#2. A movement from M to T implies that there has been
#3. The table above shows the combinations of beans and rice that can be purchased by a consumer. The opportunity cost of moving from K to L is
#4. The diagram above shows theshifts in both demand supply curves. What is the new equilibrium point after the shifts?
#5. The diagram above represents the short-run position of a monopolist. The profit-maximizing output is
#6. In the diagram above, ST is the budget line while l,ll and lll represent indifference curves. A rational consumer will choose to consume at point
#7. In a textile factory, the cost of cotton used is a typical example of
#8. A black market can occur when
#9. A major characteristic of a mixed economy is that
#10. Given the cost function C = 160 + 36Q, what is the average cost at 20 units of output?
#11. If an increase in the price of good X leads to an increase in the supply of good Y, X and Y are said to be
#12. A necessary condition for specialization in an economy is the existence of
#13. A firm operating at full capacity will experience rising short-run total costs when
#14. A change in demand for a normal good means
#15. In order to increase revenue, the seller of a commodity whose demand is fairly elastic is advised to
#16. In any set of data, median represents the
#17. One of the assumptions of ordinal utility in consumer behaviour is that
#18. A large standard deviation is an indication of
#19. The number of shareholders in a private limited liability company ranges from
#20. A major reason for having national development plans is to
#21. The difference between payments and receipts for visible trade is called
#22. One of the causes of the present high rate of inflation in Nigeria is
#23. The final stage in the production process of any commodity involves its movement from the
#24. The European Union was formed to
#25. When the importation of a commodity is limited to a definite quantity, the trade control means used is known as
#26. If budget deficits are financed by borrowing the crowing-out effect can be offset by an increase in
#27. The excess of aggregate expenditure over full employment level of output is referred to as
#28. The tax levied on goods and services at each stage of production is
#29. The labour force in Nigeria falls between the ages of
#30. Government's involvement in agricultural business in Nigeria is most manifested in the
#31. The difference between birth and death rates of a given population is referred to as the
#32. Fiscal policy is the government's plan to control aggregate demand by manipulating
#33. A country is said to have absolute advantage when she
#34. The purpose of conducting a census is to enable a country to
#35. A major cause of the slow pace of industrialization in Nigeria is inadequate
#36. Maximum wage legislation seeks to
#37. Import duty concessions on the industrial inputs directly benefit the
#38. Which financial institution is charged with the formulation of monetary polices in Nigeria?
#39. GDP differs from GNP because GDP
#40. The distinction between perfect competition and monoplistic competition is that the latter is characterized by
#41. The downstream activities of oil companies in Nigeria involve
#42. The movement of goods and services from the producers to the consumers is referred to as
#43. The role of the Central Bank in the economic development of Nigeria is to
#44. At the maximumpoint of the total product curve of a firm, marginal revenue is
#45. The primary function of non-bank financial institutions is to
#46. In an open economy, the GNP is measured as
#47. The capital market provides business firms with the avenue to
#48. Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?
#49. By advertising, a monopolistic competitive firm tries to shift its
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