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Economics Past Questions For JAMB/WAEC/NECO Students V7

Economics Past Questions For JAMB/WAEC/NECO Students V7; 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 V7

 

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#1. One of the advantages of large – scale production is that

#2. In the diagram I refers to the calculation of national income through the

#3. In the diagram III refers to the calculationof national income through the

#4. In the diagram, (I) refers to the calculation of national income through the

#5. In the diagram, (III) refers to the calculation of national income through the

#6. An improvement in Nigeria’s terms of trade should

#7. If a person demands money for buying and selling securities. It is referred as demanding money for

#8. A rightward shift in the production possibility frontier may be due to

#9. Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if

#10. In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate

#11. The diagram illustrates

#12. Which of the following items does NOT belong to a country’s current account in the balance of payments accounts?

#13. Which of the following is NOT a feature of economic underdevelopment of a country?

#14. Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?

#15. Which of the following does NOT represent the behavior of a monopolist?

#16. One of the major effects of an increase in government expenditure on a nation’s economy is that it?

#17. Public expenditure on services, such as education and health, is known as expenditure on

#18. The following except ONE, are the differences between international trade and internal trade?

#19. The most important characteristic of money is?

#20. The Central Bank instrument of control does NOT include

#21. Cost push inflation takes place due to?

#22. Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?

#23. Generally, property taxes?

#24. The channel for food distribution in Nigeria consist of?

#25. Which of the following is NOT true of debentures and debenture holders?

#26. The economic goal of public utilities is to?

#27. The basic principles of co-operative societies are those of?

#28. The most important factor determining the location of the cement industry in Nigeria today is ?

#29. An imperfectly competitive market is one where?

#30. In taxation, the benefit principle requires that?

#31. A perfectly competitive firm does not influence the demand for its commodities bylowering its price below the market price because?

#32. pricing and output decisions of sellers are highly interdependent in markets known as?

#33. One disadvantage of sole proprietorship is its?

#34. If X and Y are two goods, then the cross elasticity of demand for X WITH RESPECT TO y is defined as the?

#35. For two substitution goods, the cross elastic of demand is?

#36. The control of prices by legislation usually produces a number of consequences. Which of the following is NOT an association problem of maximum price control?

#37. For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is

#38. A demand curve slopes downwards because of ?

#39. The advantages that accrue to a firm as the size of the firm increases are known as

#40. Which Of the following is NOT an obstacle to economic development?

#41. An aging population refers to the preponderance of?

#42. Which of the following is NOT a determinant of the size economically active population?

#43. The population level that yields the maximum output when combined with available resources is known as

#44. The population level that yields the maximum output when combined with available resources is known as

#45. The main economic objective behind the production of goods and services in any economy is to?

#46. Demand for a commodity by a consumer is the quantity of that commodity that the consumer

#47. Division of labour is limited by?

#48. In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?

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