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.
A major characteristic of natural resources is they
There is unemployment of resources when production is
Scale of preference shows
In a free market economy, the rationing of scarce goods is done principally by?
The price mechanism
Marginal cost is?
Capital earns interest.
Inflation = rising general prices.
Mixed economy mixes public & private.
Income tax is a direct tax.
Labour is rewarded with wages.
Higher price ?¸lower quantity demanded.
By utility we mean________
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of deman is_______
Which of these is not usually the function of a wholesaler?
If Mr. A earns N2.000 a year while Mr. B earns N8000 but Mr. A pays N200 in tax per annum while Mr. B pays N400, such tax is_______
The price mechanism______
A typical corporate form of business organization is owned by ______
Inflation can be curbed by _______
Which of these is not a cause of high population growth in Nigeria?