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Economics Past Questions For JAMB/WAEC/NECO Students V8

Economics Past Questions For JAMB/WAEC/NECO Students V8; 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 V8

 

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#1. The interdependence between households and business enterprises illustrated in the figure is known as

#2. Study the figure above. At paint H the price elasticity of supply is

#3. In the figure above, the broken line labelled M is the marginal revenue curve of a

#4. In the table, the marginal cost when output is two, units is

#5. The act of combining factor inputs in order to obtain specific output is known as

#6. Disguised unemployment

#7. The unemployment associated with a recession is called?

#8. When total revenue is at a maximum, marginal revenue is?

#9. How many National Development Plans did Nigeria have between 1960 and 1984?

#10. If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to

#11. The process by which a country attempts to reduce the import of manufactured goods at home is described as?

#12. Under normal circumstances a producer will bear the entire burden of taxation on his output if the?

#13. Which of the following is NOT a part of the fixed costs of a limited liability company?

#14. By terms of trade, we mean the?

#15. The argument of tariff protection in less developed economies is that such a measure would

#16. Devaluation of the naira as a condition for the international Monetary Fund ‘loan’ is considered inadvisable because?

#17. Foreign exchange control in Nigeria is administered by the?

#18. Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?

#19. Which of the following is a necessary prerequisite for trade by barter?

#20. A state budget is an outline of planned

#21. Which of the following is NOT among the canons of taxation as set out by Adam Smith?

#22. An example of a regressive tax is?

#23. Tax which is levied on goods manufactured, sold or used within a country is?

#24. When a business has unlimited liability

#25. Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?

#26. The petro- chemical industries are located in the River State of Nigeria due to?

#27. One of the functions of the commercial banks is that it is?

#28. Because money serves as a standard for deferred payments

#29. Warehousing facilities in the distribution and marketing of products are provided by?

#30. A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?

#31. A firm is said to be a public Joint Stock Company when it?

#32. Limited liability means?

#33. The purchasing power of the naira will fall when?

#34. Under perfect competition, the long-run equilibrium requires?

#35. If monopoly is attempting to maximize profit which of the following should it attempt to do?

#36. The amount of labour a producer hires relative to labour factor inputs depends on the?

#37. Which of the following is NOT a feature of underdevelopment?

#38. The inefficient distribution of scarce commodities in Nigeria is mostly due to the?

#39. One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?

#40. If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?

#41. In market economies, resources are allocated through the?

#42. At every point on a indifference curve, the

#43. Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?

#44. An economic problem exists whenever

#45. The meaning of scale of preference is?

#46. Optimum population is desirable because it enables an economy to obtain maximum?

#47. The age distribution of a population is NOT influenced by?

#48. One main quality of a good is that it

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