Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
Create and set up a CBT environment with your preferred subjects.
Practice JAMB CBT with real UTME past questions in CBT format.
CB-WASSCE styled past question practice.
SSCE & GCE styled past question practice.
The leftward shift in the supply curve for a commodity indicates_________
The price of soap rose from $10 to $20 causing a trader to increase her supply from 50 to 120 boxes per week. This makes supply_________
The coefficient of price elasticity of supply of land is usually____________
An increase in market supply is caused by the following factors except_________
What will be the reaction of consumers in a market if there is a fall in the price of the substitute commodity X?
The demand for wood and labour is an example of______
An increase in the rice harvest, all things being equal, may cause____________
One way of obtaining the median of a given data is to__________
When a commodity market operates without government interference, commodities are distributed through_______
The distinguishing function of an entrepreneur is_______
A consumer with $10 needs a dress, a pair of shoes, a handbag and jewelry costing $20, $10, $7 and $3 respectively. The opportunity cost of buying the pair of shoes Is the________
The study of economics IS Important to every society because it______
The exploitation of mineral resources constitutes which form of production?
Free trade is one in which
In order to discourage the importation of manufactured goods, a country should adopt
The foremost objective of the International Bank of Reconstruction and Development (IBRD) is to
The principle of comparative advantage encourages a country to
Dumping is selling goods in a foreign market at a price
A country is allowed to import just 50,000 tonnes of rice annually. This describes
A country should embark on development planning to ensure that