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Economics Past Questions For JAMB/WAEC/NECO Students V15

Economics Past Questions For JAMB/WAEC/NECO Students V15; 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 V15

 

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#1. Which of the following will not increase the population of a country?

#2. indirect tax are taxes which

#3. The situation where government revenue in a fiscal year is less than its expenditure is referred to as

#4. Land is often different from other factors of production because it

#5. A market condition where profit is maximized when MR = AR = MC = P is known as

#6. when price of a commodity is fixed by the law either below or above the equilibrium, the mechanism is known as

#7. Money supply is the

#8. which of the following is not the function of a commercial bank

#9. inflation caused by increase in demand is known as

#10. whichof the following is not a good reason for the importation of agriculture in West African countries? it

#11. The comparative cost of doctrine of international trade means specialization in production according to

#12. The greater burden of the taxes on essential goods is borne by

#13. Which of the following is not a negative effect of inflation

#14. Which of the following is not function of central bank

#15. Proportional tax is a tax whose

#16. the largest part of the revenue of a country is derived from

#17. if the price of margarine rises substantially, the equilibrium price and quantity of butter demand will

#18. Money as a unit of account implies that it can be

#19. A stockholder partakes of the profit of a l8imited liability business by receiving

#20. Near Money is made up of

#21. which of the following defines Economics most comprehensively ?

#22. A society that is on its production possibility curve

#23. Money becomes a very poor stone of value in a period of

#24. Economic growth is the

#25. The market price of a commodity is determine by the

#26. Opportunity cost is define as the

#27. The most basic concern of economists is to

#28. The equilibrium price of orange is 50k. If for some reason the price rises to 60k, there will be

#29. In Economics production is complete when

#30. which of the following is not a characteristics of money?

#31. Economics is a social science because it

#32. Scarcity in Economics generally refers to

#33. The terms of trade of a country is defined as

#34. The type of business organizations mostly used for producing public goods in Nigeria is

#35. In the diagram, the profit maximizing output is

#36. If in the graph, it is assumed that the price is initially P1, it can be deduced that price will

#37. If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?

#38. If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?

#39. When a foreigner on a visit to Nigeria pays for hotel accommodation and meals with some foreign currency,the amount paid should be recorded in Nigeria’s balance of payment as an item of?

#40. The Nigerian Trust Fund is managed on behalf of Nigeria by the?

#41. One of the gains by member states of the Economic Community of West Africa?

#42. An account from which allocations are made to the three tier of government in Nigeria is called the?

#43. In national income accounting, aggregate saving in any year is defined as?

#44. Which of the following combinations is a veritable set of development indicators?

#45. The best way to reduce the supply of money in the economy is to?

#46. The total amount of money in circulation includes cash?

#47. To reduce the high rate of inflation in the economy, the government should?

#48. The objective of public finance is to promote?

#49. The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the ?

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