Economics Past Questions

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93 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

93 questions
Question 1 of 20 93 total questions
Question 1
waec 2011

A rise in government expenditure can lead to

Ahigher inflation
Bhigher unemployment
Clower profits for industries
Dlower importation of raw materials by industries
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Question 2
waec 2011

When governments wants to discourage consumption, they tax goods whose demand is

Aprice inelastic
Babnormal in nature
Cprice elastic
Dnormal in nature
View Explanation & Discuss
Question 3
waec 2011

One profitable form of business undertaken by the commercial banks is

Athe issuing of cheques
Bthe payment of standing order
Clending money to borrowers
Daccepting cheques from customers
View Explanation & Discuss
Question 4
waec 2011

Deposit held in a commercial bank are part of

Amoney supply
Btransfer payments
Cordinary shares
Dtreasury bills
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Question 5
waec 2011

Cost push inflation is caused by a

Arise in the cost of production
Bdecrease in the transportation cost
Crise in demand for goods
Ddecrease in the cost of production
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Question 6
waec 2011

The demand for money to take advantage of changes in bond prices is the

Aunforeseen motive
Btransaction motive
Cspeculative motive
Dprecautionary motive
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Question 7
waec 2011

A fall in national output will necessitate

Aa rise in expenditure on imports
Ba rise in the level of savings
Can increase in the consumption of expenditure
Da rise in the standard of living
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Question 8
waec 2011

When a country's net income from abroad is added to its total output, the result is

Agross domestic product
Bnet national product
Cgross national product
Dnet domestic product
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Question 9
waec 2011

A tax is regressive if the

Arate of tax is constant at all income levels
Brate of tax decrease as income increases
Crate of tax increases as income increases
Dtax is direct rather than indirect
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Question 10
waec 2011

National income is used to measure

Aa country's population size
Ba country's economic growth
Cthe human level of development
Dthe flow of imports to a country
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Question 11
waec 2011

The production strategy used in an over-populated country is

Aimport substitution
Bcapital intensive
Clabour intensive
Dfirst come first employed
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Question 12
waec 2011

The effect of privatization on the industrial sector of a country is that it

Aensures efficiency
Bdiscourages efficiency
Cleads to decrease in output
Dleads to liquidation
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Question 13
waec 2011

Which of the following is not true of small companies ? they

ACannot benefit from economies of scale
BAre a good source of new jobs
CCan satisfy demand in specialist markets
DHave a good record of technical innovation
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Question 14
waec 2011

The following are features of subsistence agriculture except

Alittle capital
Bprocessing of raw materials
Csmall allotments of land
Duse of crude oil
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Question 15
waec 2011
which of the following is not a consequence of increased unemployment?
Aa fall in tax revenue for the government
Ba reduction in trade union's influence
Ca fall in death rate
Dan increase in the labour force
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Question 16
waec 2011

Natural growth rate of population can be defined as the

Adifference between birth rate and death rate
Bnumber of births in a year
Cincrease in the population growth in a year
Ddifference between the total population and the death rate
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Question 17
waec 2011

The grouping of the population according to the economic activities people engage in is

Aage distribution
Bsex distribution
Cgeographical distribution
Doccupational distribution
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Question 18
waec 2011

If the labour force of a country is 2.5 million and 2 million are employed , what is the unemployment rate?

A0.2%
B20%
C200%
D250%
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Question 19
waec 2011

Frictional unemployment can be reduced by

Aencouraging the use of retaining schemes
Bremoving barriers to labour mobility
Crestricting the introduction of new technology
Dlowering the level of wages paid to young people
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Question 20
waec 2011

The increase in population growth in big cities is referred to as

Asettlement
Bmigration
Cindustrialization
Durbanization
View Explanation & Discuss
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