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Economics Past Questions For JAMB/WAEC/NECO Students V9

Economics Past Questions For JAMB/WAEC/NECO Students V9; These Economics questions are for students who are sitting for the following examinations:

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  • NECO
  • WAEC GCE
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  • NABTEB
  • NABTEB GCE

Economics Past Questions For JAMB/WAEC/NECO Students V9

 

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#1. Which of the following methods is most likely to lead an economy?

#2. The difference between the Gross Domestic Product and the Gross National Product is?

#3. Which of the following strategies will provide more employment opportunities for Nigerians?

#4. An nation’s distribution of income shows?

#5. Balance of payment deficit in Nigeria CANNOT be solved by

#6. The term balance oftrade, can be defined as the?

#7. The term of trade often measured by the ratio of the index of export

#8. A society which forgoes present consumption

#9. ECOWAS will enable the countries involved to achieve

#10. Which of the following causes of inflation is related to demand-pull inflation?

#11. Which of the following is NOT a goal of modern budgets?

#12. The best technical description of a progressive tax is a?

#13. Tax incidence is the analysis of?

#14. In international trade, a country specializes in the production of a commodity or group of commodities for which it has?

#15. Which of the following is used by the Central Bank to control the rate of interest?

#16. Gresham’s law in economics shows that

#17. Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?

#18. The most important economic characteristic differentiating commercial banks from other financial institutions is their?

#19. Deflation is a persistent fall in the general price level and is usually caused by?

#20. One of the advantages of a partnership over a sole proprietorship is that?

#21. Which of the following is an external economy derived by a firm?

#22. Which of the following advantages of localization of industries may also be a disadvantage?

#23. The Nigeria Bank for Commerce and Industry is?

#24. To control inflation, the monetary authorities of a country can?

#25. A monopolist will practice price discrimination in two markets if?

#26. In the normal channels of distribution the breaking of bulk is performed by the

#27. The most important advantage of co-operative societies is?

#28. In a public company, shares are?

#29. Which of the following is a characteristic of private limited liability company?

#30. The revenue accruing to the seller of commodity X as a result of a fall in price will

#31. Which of the following is an important function of prices in a market economy?

#32. One major difference between monopoly and perfect competition is that?

#33. A producer sustains a loss in the short run if

#34. What fundamentally determines how much a consumer spends in a producer’s shop?

#35. Which of the following statements describes a mixed economy?

#36. In drawing an individual’s demand curve for a commodity, which of the following is not kept constant?

#37. Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?

#38. The main function of price mechanism is to?

#39. A firm achieves least cost in production by substituting factors until

#40. If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving

#41. Mobility of labour is NOT affected by

#42. Population density refers to?

#43. Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?

#44. Under normal circumstances the concept of consumers sovereignty implies that

#45. A firm is at its optimum size when?

#46. The degree of specialization is limited by the

#47. Production in Economics can be defined as the

#48. Choice in economic life is necessitated by?

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