Economics Past Questions For JAMB/WAEC/NECO Students V8; These Economics questions are for students who are sitting for the following examinations:
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Economics Past Questions For JAMB/WAEC/NECO Students V8
#1. The interdependence between households and business enterprises illustrated in the figure is known as
#2. Study the figure above. At paint H the price elasticity of supply is
#3. In the figure above, the broken line labelled M is the marginal revenue curve of a
#4. In the table, the marginal cost when output is two, units is
#5. The act of combining factor inputs in order to obtain specific output is known as
#6. Disguised unemployment
#7. The unemployment associated with a recession is called?
#8. When total revenue is at a maximum, marginal revenue is?
#9. How many National Development Plans did Nigeria have between 1960 and 1984?
#10. If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to
#11. The process by which a country attempts to reduce the import of manufactured goods at home is described as?
#12. Under normal circumstances a producer will bear the entire burden of taxation on his output if the?
#13. Which of the following is NOT a part of the fixed costs of a limited liability company?
#14. By terms of trade, we mean the?
#15. The argument of tariff protection in less developed economies is that such a measure would
#16. Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
#17. Foreign exchange control in Nigeria is administered by the?
#18. Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?
#19. Which of the following is a necessary prerequisite for trade by barter?
#20. A state budget is an outline of planned
#21. Which of the following is NOT among the canons of taxation as set out by Adam Smith?
#22. An example of a regressive tax is?
#23. Tax which is levied on goods manufactured, sold or used within a country is?
#24. When a business has unlimited liability
#25. Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?
#26. The petro- chemical industries are located in the River State of Nigeria due to?
#27. One of the functions of the commercial banks is that it is?
#28. Because money serves as a standard for deferred payments
#29. Warehousing facilities in the distribution and marketing of products are provided by?
#30. A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?
#31. A firm is said to be a public Joint Stock Company when it?
#32. Limited liability means?
#33. The purchasing power of the naira will fall when?
#34. Under perfect competition, the long-run equilibrium requires?
#35. If monopoly is attempting to maximize profit which of the following should it attempt to do?
#36. The amount of labour a producer hires relative to labour factor inputs depends on the?
#37. Which of the following is NOT a feature of underdevelopment?
#38. The inefficient distribution of scarce commodities in Nigeria is mostly due to the?
#39. One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?
#40. If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
#41. In market economies, resources are allocated through the?
#42. At every point on a indifference curve, the
#43. Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?
#44. An economic problem exists whenever
#45. The meaning of scale of preference is?
#46. Optimum population is desirable because it enables an economy to obtain maximum?
#47. The age distribution of a population is NOT influenced by?
#48. One main quality of a good is that it
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