Economics Past Questions For JAMB/WAEC/NECO Students V28; 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 V28 (JAMB/WAEC/NECO)
Results
#1. A profit maximizing monopolist should produce within the range where his demand is
#2. The savings deposit in a commercial bank is called
#3. The difference in each country's total output on specification is
#4. What is the median quantity?
#5. Applying the law of comparative costs, how many units of groundnuts will Nigeria produce?
#6. Find the mean price of the distribution
#7. Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are
#8. Economic growth is different from economic development because economic growth
#9. The factor responsible for the current inflationary pressures in Nigeria is the
#10. If government increases in its expenditure on public works, the desired effect is
#11. An institution that regulates trade relations among members is the
#12. The problem of planning in Nigeria is mainly in the
#13. The raising of funds by selling stocks to the public is called
#14. The loans from the World Bank to developing countries are mainly to support
#15. Economic growth is different from economic development because economic growth
#16. A long-term capital outflow is recorded in the balance of payment as a
#17. Economic freedom is a basic feature of economy
#18. If elasticity of demand is greater than I and less than infinity, demand is said to be
#19. In economics, production takes place only when
#20. The monetization policy of the Nigerian government is aimedat
#21. The price index computed between two time periods is given as 128%,This implies that the
#22. The technical relationship between input combination and maximum attainable output is called
#23. If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when
#24. A buyer who haggles in the market is applying the principle of
#25. An inverse relationship between price and quantity demanded implies that
#26. When the marginal utility of a commodity is zero the total utility is
#27. An increase in the quantity supplied of commodity suggests
#28. An example of a long-run cost of a firm is
#29. In a car assembly plant, division of labour is demonstrated by
#30. Under perfect competition, the short-run supply curve of a firm is determined by its
#31. The hoarding of goods is usually experienced when
#32. If the death rate of a country is 52% and the growth rate is 12%, what is the birth rate of the county
#33. Agricultural backward-linkage effect means the establishment of
#34. The distinction between onshore and offshore operations in oil exploration lies in the
#35. Long-run production is called
#36. For a firm to break even in the long run, the marginal cost curve must cut the
#37. Population density is described as the
#38. The short-run inelasticity of supply of agricultural produce causes
#39. The major contribution of the petroleum industry to the Nigerian economy is the
#40. During a conflict between management and workers, the union's bargaing power is based on
#41. Localization of industries in Nigeria is mainly influenced by
#42. Above full employment level, an expansionary monetary policy will lead to a
#43. A major assumption in a perfectly competitive market is that
#44. A discount house is a market where
#45. Idle cash balances are held for
#46. In a particular year, the sum of the value added in each sector of the economy was N4550 million The amount represents the GNP measured by the
#47. The regulatory authority of the capital market in Nigeria is the
#48. In the long run, the equilibrium point of a monoplistic firm is a point where the
#49. Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?
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