Economics Past Questions For JAMB/WAEC/NECO Students V26; 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 V26 (JAMB/WAEC/NECO)
Results
#1. Which of the following is NOT a factor determining supply?
#2. Central bank of Nigerian started operation
#3. What is meant by utility?
#4. Total revenue can be obtained by multiplying
#5. Which of these is NOT a basic economic problem of society?
#6. Economic growth is the
#7. In the demographic transition theory, stage II represents a stage where
#8. The central point of the Malthusian theory is that
#9. The law of variable proportion state that if the quantities of variable factor of production are used with fixed factor, after a certain point,
#10. Which of the following is NOT a reason for the absence of an industry in the rural areas?
#11. In a free market economy, wages are determined by
#12. Of what importance is a wholesaler in the chain of distribution
#13. For a monopolist, the demand curve is
#14. A problem of price control is
#15. The most generally accepted definition of economics is
#16. The demand for a commodity for the sake of what it will yield is
#17. The first commercial oil well in Nigeria was discovered in
#18. An economic system where both the public and individuals own and control means of production is known as ……… system
#19. Which of the following is NOT an internal dis-economy of scales?
#20. Abdul is faced with a choice between buying a new notebook and a pen with ₦10. Since the ₦10 cannot give him both items he decide to buy the notebook. The money cost to him is
#21. The theory of income determination is traced to
#22. The per capita income is calculated as
#23. To finance a deficit balance of payment, a country may decide to
#24. One of the following is NOT a reason for increase in public expenditure
#25. Which of the following is a motive for holding money?
#26. Price legislation means
#27. Which of the following is NOT a function of taxation?
#28. Using functional relationship in economics QX = f (px, po, y, T); po stand for
#29. Equilibrium prices is
#30. In economics, electricity, water supply, communication networks, road, etc are known as
#31. A tax system which takes lesser percentage of a tax payers income as his income increase is known as
#32. Efficiency of labour implies
#33. Which of the following is NOT a cause of inflation?
#34. Which of the following is true of a perfect market situation?
#35. The best way of presenting data in tabular form is in
#36. In the equation MV = PT; V stand for
#37. Which of the following is a major export crop in Nigeria?
#38. According to the theory of comparative advantages, countries are to specialize based on their
#39. Averages cost (AC) equal to
#40. In a planned economy, the emphasis is on
#41. If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be
#42. When two variables are positively related, the graph of the relationship?
#43. For an inferior good, a decreased in real income will lead to?
#44. In economic analysis, a statement is said to be normative if it?
#45. Utility is the satisfaction derived from?
#46. The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is
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