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
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