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Economics Past Questions For JAMB/WAEC/NECO Students V32

Economics Past Questions For JAMB/WAEC/NECO Students V32; 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 V32 (JAMB/WAEC/NECO)

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#1. Which of the following international organization organizations is concerned with the stabilization of the balance of payments? the

#2. The rate at which a country's export is exchanged for her imports is

#3. Balance of payment surplus implies that receipts for exports are

#4. When the international value of a country's currency rises, other things being equal, the country's

#5. One of the physical measures that can be used to reduce the volume of imports is the

#6. When a number of countries agree to remove all trade barriers among themselves and at the same time charge a common tariff against non member countries, it known as

#7. Indirect taxes are generally

#8. Fiscal policy that can control inflation will include the use of

#9. Which is following is a cause of under-development in West Africa

#10. Which of the following is not a major problem of development

#11. The principle of comparative cost advantage was propounded by

#12. A bank note is said to be a legal tender because it is

#13. During Inflation, interested rate will

#14. Cost push inflation is likely to arise when

#15. Which of the following financial institutions cannot be found on the capital market of a country

#16. The stock market is a market for

#17. Location of firm in rural areas may

#18. International income accounting, double counting occurs when

#19. The difference between GDP and GNP

#20. Which of the following items is not included in the measurement of the national income using the income approach

#21. One relationship between marginal utility and total utility

#22. One feature of a growing population

#23. Efficiency of labour in a country is determined by the following factor except the

#24. Which of the following will encourage capital intensive farming

#25. Which of the following best explains why more foreign investments are not attracted to West Africa

#26. Charging different prices for the same commodity is a feature of a

#27. In a partnership, the conduct of members is guided by

#28. Indigenization policy is a measure aimed at

#29. Which of the following measures will hinder efficient distribution of goods in West Africa

#30. The type of unemployment that occurs as a result physical or mental disability of labour is known as

#31. A price floor results in

#32. An entrepreneur is encouraged to adopt division of labour in production because it

#33. The long run is a period when

#34. The necessary condition for a firm to be in equilibrium is that marginal revenue is

#35. At which stage of production should a firm shot down? when

#36. The demand for torch and batteries is an example of

#37. Price elasticity of demand of supply measures how responsive

#38. The tendency for workers to value their leisure hours more than hours of work as wage rate increases gives rise to

#39. The supply of rice in tons is given by the fraction: Qs-80-0.7=0. Where Qs= Quantity supplied, P=price in naira. Find Qs, when P=N40

#40. How does producers expectation of a price fall affect the supply curve of a product? There will be

#41. A country allocation to various sectors of the economy is shown in the pie chat below, use it to answer the question. If the budget of the country was $7,200, how much is allocated to Education?

#42. What is the ratio of expenditure on health to agriculture?

#43. The demand curve for neccessity is usually

#44. What effect will an increase in price have on the total revenue of a firm whose product has inelastic demanding? total revenue will

#45. If the quantity of men's hat demanded per week is represented by the function Qd=20- 1 3 P, where P is price, how many hats are demanded when the price is $9.00?

#46. Human wants are insatiable because wants are

#47. Scale of preference is important for the following reasons except in

#48. In a socialist economy, prices of commodities are determined by

#49. Which of the following cannot be classified as land in economics

#50. Population growth is determined by_______?

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