Economics Past Questions For JAMB/WAEC/NECO Students V30; 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 V30 (JAMB/WAEC/NECO)
Results
#1. The percentage contribution of the transport sector is:
#2. If the contribution of the oil sector is ₦3.6 million, what is the contribution of the other sectors?
#3. Activities in the oil and gas industry are classified into
#4. High dependency ratio is influenced by
#5. Occupational distribution of population determines the
#6. The mobility of labour is mainly determined by
#7. When workers have a union, the supply of labour is said to be
#8. The marketing of agricultural products in Nigeria can be improved by
#9. To enhance the competitiveness of domestic agricultural products, there is need to
#10. In Nigeria, the location of a steel industry at Ajaokuta is due to
#11. Industries for consumer goods are concentrated in urban centers as a result of
#12. The current industrial development strategy in Nigeria is aimed at encouraging
#13. Dumping in international trade means selling a goods at a
#14. Guided deregulation as currently practised in Nigeria implies that
#15. An important function of the World Bank is to
#16. The major problem confronting a sole proprietor is
#17. A public liability company is run on a daily basis by
#18. If government expenditure exceeds revenue, this result in
#19. The Basic Needs Approach to development is
#20. If government expenditure exceeds revenue, this result in
#21. The major reason why countries strive to achieve optimum growth is to
#22. According to the theory of comparative advantage specialization will result in
#23. In the circular flow of income, an increase in savings causes
#24. The ability of commercial banks to create money depends on the
#25. The reform in the banking sector in Nigeria is principally motivated by the need to
#26. A manufacturer who wants to build a new plant will source funds from the
#27. Cost-push inflation occurs when
#28. The supply curve of a perfectly competitive firm is identical to its
#29. If a monopolist is incurring short-run losses, this means that his
#30. In developing countries, it is easier to obtain accurate national income estimates through the
#31. In the long run, one of the characteristics of monopolistic competitive firms is that they
#32. Double counting is a problem in computing national income when using the
#33. In a regulated market, price is determined by
#34. Production takes place when
#35. Which of the following can be deduced from the law of variable proportions when total output is rising?
#36. As the level of output increases, the average fixed cost of a firm will
#37. The shape of the long-run average cost curve is best explained by the
#38. A major assumption in cardinal utility theory is that
#39. A supply curve is positively sloped because
#40. The short-run supply curve for medical doctors is more likely to be
#41. If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is
#42. A decrease in supply without a corresponding change in demand will lead to
#43. A typical feature of a market economy is that
#44. A cumulative frequency graph is
#45. The privatization exercise in Nigeria is a move towards a
#46. A movement along the same demand curve is caused by the
#47. The demand curve for a luxury goods is
#48. Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?
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