Economics Past Questions For JAMB/WAEC/NECO Students V24; 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 V24 (JAMB/WAEC/NECO)
Results
#1. The exchange of goods and services across countries can be described as
#2. Which of the following is a major barrier to international trade?
#3. A country is economically rich if
#4. The main role of the Organization of Petroleum Exporting Countries (OPEC) is
#5. Tax evasion means
#6. A greater burden of tax on a product with high price elasticity of demand rests mainly on the
#7. An ad volarem tax refers to a tax
#8. Which of the following is associated with the development of petroleum industry in Nigeria?
#9. Balance of payment deficit can be corrected by
#10. One disadvantage of inflation is that?
#11. Short-term loans can be sourced from
#12. if there is an increase in wages and salaries without corresponding increase in the supply of goods and services, the situation will lead to
#13. public expenditure can be financed from all the following sources except the
#14. which of the following is a direct tax
#15. Money is demanded for which of the following reasons?
#16. The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
#17. which of the following is the most liquid asset?
#18. The situation in which there is persistent fall in the general price level is referred to as
#19. commercial banks settle their daily interbank indebtedness through the
#20. The monopolist power can be controlled by the government through
#21. Which of the following is not a condition for a perfect market
#22. The reward for a shareholdership of a company is
#23. In a public corporation , the risks of business are borne by the
#24. One of the function of money is
#25. monocultural agriculture means
#26. Industries are not sited in most rural areas of Nigeria because ?
#27. Which of the following business units can issue shares?
#28. When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being
#29. which of the following is not a trade union in Nigeria?
#30. The demand for a commodity not directly for immediate consumption but for the production of another commodity is
#31. Which of the following is a luxury item?
#32. If the quantity demanded of a particular commodity is represented by the function Qd = 30 – 2p, what is the quantity demanded at a price of twelve Naira?
#33. The responsiveness of demand to a change in income is the measurement of
#34. The upward slope of the supply curve indicates that
#35. In a country with ageing population , the total population
#36. Population growth can be controlled by all the following except
#37. Performance of one task in a production process is known as
#38. The cost incurred by using both fixed and variable factors in production is called
#39. Consumer buy more of a commodity at a lower price than at a higher price because
#40. Reward for entrepreneurship is
#41. Which of the following is the function of an entrepreneur?
#42. The difference between the highest and lowest in a set of data is
#43. In which of the following economic system is the consumer referred to as the king?
#44. The dispersal of people in a country is called
#45. Economic problems arises because
#46. The economic system in which resource are privately owned dis known as
#47. Quasi-rent refers to
#48. The table above shows a demand schedule for eggs. What is the equilibrium price?
#49. The diagramshows the total utility curve. At the point M, marginal utility
#50. If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?
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