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Economics Past Questions For JAMB/WAEC/NECO Students V30

Economics Past Questions For JAMB/WAEC/NECO Students V30; 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 V30 (JAMB/WAEC/NECO)

Results

#1. The percentage contribution of the transport sector is:

#2. If the contribution of the oil sector is ₦3.6 million, what is the contribution of the other sectors?

#3. Activities in the oil and gas industry are classified into

#4. High dependency ratio is influenced by

#5. Occupational distribution of population determines the

#6. The mobility of labour is mainly determined by

#7. When workers have a union, the supply of labour is said to be

#8. The marketing of agricultural products in Nigeria can be improved by

#9. To enhance the competitiveness of domestic agricultural products, there is need to

#10. In Nigeria, the location of a steel industry at Ajaokuta is due to

#11. Industries for consumer goods are concentrated in urban centers as a result of

#12. The current industrial development strategy in Nigeria is aimed at encouraging

#13. Dumping in international trade means selling a goods at a

#14. Guided deregulation as currently practised in Nigeria implies that

#15. An important function of the World Bank is to

#16. The major problem confronting a sole proprietor is

#17. A public liability company is run on a daily basis by

#18. If government expenditure exceeds revenue, this result in

#19. The Basic Needs Approach to development is

#20. If government expenditure exceeds revenue, this result in

#21. The major reason why countries strive to achieve optimum growth is to

#22. According to the theory of comparative advantage specialization will result in

#23. In the circular flow of income, an increase in savings causes

#24. The ability of commercial banks to create money depends on the

#25. The reform in the banking sector in Nigeria is principally motivated by the need to

#26. A manufacturer who wants to build a new plant will source funds from the

#27. Cost-push inflation occurs when

#28. The supply curve of a perfectly competitive firm is identical to its

#29. If a monopolist is incurring short-run losses, this means that his

#30. In developing countries, it is easier to obtain accurate national income estimates through the

#31. In the long run, one of the characteristics of monopolistic competitive firms is that they

#32. Double counting is a problem in computing national income when using the

#33. In a regulated market, price is determined by

#34. Production takes place when

#35. Which of the following can be deduced from the law of variable proportions when total output is rising?

#36. As the level of output increases, the average fixed cost of a firm will

#37. The shape of the long-run average cost curve is best explained by the

#38. A major assumption in cardinal utility theory is that

#39. A supply curve is positively sloped because

#40. The short-run supply curve for medical doctors is more likely to be

#41. If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is

#42. A decrease in supply without a corresponding change in demand will lead to

#43. A typical feature of a market economy is that

#44. A cumulative frequency graph is

#45. The privatization exercise in Nigeria is a move towards a

#46. A movement along the same demand curve is caused by the

#47. The demand curve for a luxury goods is

#48. Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

Finish

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