Economics Past Questions For JAMB/WAEC/NECO Students V20; 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 V20 (JAMB/WAEC/NECO)
Results
#1. Given that at the beginning of 1973, Nigeria with a birth rate of 3% per annum had a population of 75million. This implied that in that year
#2. The movement of curve I to ll suggests
#3. From the diagram above, the quantity of output is determined by the point
#4. In the diagram below, the curve which represents firm's short-run averagevariable cost is curve
#5. The current stage of the economy is depicted in curve I. Point P suggests that the economy is
#6. In recent years, Nigeria's balance of payments has continued to register a deficit due to (i) increased government overseas' spending. (ii) increasing prices of exports.(iii) rising import prices .(iv)more payment to overseas' investors.
#7. The organization which provides credit to help countries achieve short-term balance in their balance of payment is the?
#8. An important feature of a cartel is that?
#9. Privatization of government-owned companies means the
#10. The major determinant of the total volume of output in an economy is the?
#11. The most important factor ensuring economic development is the?
#12. Which of the following classes of goods accounts for largest proportion of Nigeria's imports?
#13. Counter trading is an international arrangement whereby?
#14. The greatest proportion of government revenue in Nigeria comes from?
#15. One of the factors which is likely to check the growth of public debts is?
#16. If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by?
#17. Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C + I Where, Y =Income, C = Consumption and where I = Investment What is the income level to the nearest million?
#18. The total money values of all goods and services produced in a country during a certain period is measured by using the?
#19. Which of the following is inflationary?
#20. In commercial banking, an account from which the customer cannot withdraw money instantly is a?
#21. Banks can create more money by?
#22. Stock and shares as well as bonds are examples of instruments used in the?
#23. The use of legally permissible means to reduce tax liabilities is known as tax?
#24. A firm is said to have benefited from external economies in production if it has realized?
#25. One of the dangers of the localization of industries is?
#26. A glut in the world market for crude oil means?
#27. The main problem of the Organization of Petroleum Exporting Countries is how to?
#28. The most important attribute of money is?
#29. The shares that must be redeemed first at liquidation of a company are?
#30. The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?
#31. The most important requirement for increasing agriculture output in Nigeria is?
#32. What is the effect of inelastic demand for agricultural products on the income of a farmer?
#33. Plywood industries are often located near the source of?
#34. The elasticity of demand for a firm's product is 2. If the firm reduces its price by 20 percent, its sales revenue will increase by?
#35. If the percentage change in the income of the consumers of an industrial product is less than the resulting percentage change in the quantity demanded of the product, then the income elasticity of demand for the product is?
#36. A market where there are many differentiated products is called?
#37. The best channel of distribution of baked bread is through?
#38. Labour productivity is the ratio of?
#39. The type of cost which has to be covered for a firm to continue production in the short-run is the?
#40. A good is said to be inferior if its demand
#41. Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are?
#42. If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?
#43. One of the features of a free market economy is that?
#44. One of the features of a free market economy is that?
#45. One of the fundamental differences between a capitalist and a socialist economy is that while?
#46. When a country's population is experiencing increase returns, that country is said to be?
#47. In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?
#48. One of the objectives of Nigeria's current population policy is to?
#49. With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?
#50. Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore?
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