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Economics Past Questions For JAMB/WAEC/NECO Students V29

Economics Past Questions For JAMB/WAEC/NECO Students V29; 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 V29 (JAMB/WAEC/NECO)

Results

#1. The law of demand can be expressed as

#2. A constraint on the expansion of a firm is the

#3. The price index is calculated as

#4. The diagram above shows the effect of

#5. A movement from K to M will

#6. A point P, the marginal rate of substitution is

#7. A perfectly competitive firm is advised to close down when the

#8. Product differentiation in monopolistic competition implies that

#9. The marginal productivity theory applies in a

#10. A rising short-run average cost is a result of

#11. The only factor of production that plays an active role in the production process is

#12. The market structure in which there is interdependence of price-output policies is

#13. If the short-run cost curve of a firm is U-shaped, the marginal and average cost are equal where the

#14. If children and the aged dominate the population of a country, this results in

#15. A major factor militating against rapid industrialization in Nigeria is

#16. Minimum wage legislation will result in

#17. The term 'oil shock' is used to describe a situation in which

#18. The major problem of conducing a census in Nigeria is

#19. Import substitution policy is used to

#20. The organization whose aim is to solve the trade problems of less developed nations is

#21. Mobility of labour is higher when there

#22. A major advantage of industrialization is that it

#23. The oil-producing area in Nigeria are agitating for special compensation owing mainly to

#24. A characteristic common to partnership and sole proprietorship is

#25. Nigeria's exports usually comprise

#26. Economic growth can be accelerated through

#27. An association formed by a group of individuals solely for the marketing of their product is a

#28. The exchange rate determined by market forces is known as

#29. A straight line indifference curve indicates that the two products are

#30. Given that demand and price remain unchanged an outward shift of the supply curve will lead to

#31. A distribution is said to be positively skewed if it

#32. A decision on input combination solves the economic problem of

#33. Choice involves opportunity cost because

#34. An important determinant of price elasticity of demand is

#35. The range of the data 14,13,15,18,20,35 and 13 is

#36. If the marginal utility of good X exceeds that of good Y, this implies that

#37. A commodity will be demanded only if

#38. Derived demand is normally used with reference to

#39. One way of controlling deflation is by

#40. If the Central Bank of Nigeria reduces the bank rate, this will cause

#41. The main source of government revenue in Nigeria is

#42. The Revenue Mobilization, Allocation and Fiscal Commission in Nigeria has the primary responsibility for

#43. The burden of a government tax on a commodity whose demand is inelastic will

#44. If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by

#45. Personal income tax as a source of government revenue is increased when the

#46. In computing national income, transfers are excluded because

#47. The major role of NDIC is to

#48. When the federal government guarantees a loan for a state government, such a loan constitutes

Finish

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