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Economics Past Questions

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2,540 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10

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Past Questions

2,540 questions

Question 1 of 20 2,540 total questions

Question 261

jamb 2018

One of the major forms of migration that tends to create problem in all developing countries is that of___________

ARural-urban migration

BRural-rural migration

CUrban-rural migration

DSeasonal migration

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Question 262

jamb 2018

A group formed to enable members adopt a common policy in labour negotiation is known as?

AEmployer’s association

BCraft Union

CTrade union

DEmployee’s union

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Question 263

jamb 2018

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

ARevenue generation

BEconomic development

CFiscal Policy

DTaxation

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Question 264

jamb 2018

The establishment of industries in rural areas will help to reduce____________-

AUrban-Rural migration

BRural-Urban migration

CRural-Rural migration

DUrban-Urban migration

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Question 265

jamb 2018

The population density of a town made up of 50 square kilometer land area and 100 million people is________

A50,000 people per square kilometer

B2 million people per square kilometer 

C0.5 million people per square kilometer

D20 million people per square kilometer

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Question 266

jamb 2018

Which of the following is an invisible item?

APetroleum services

BProcessed rice

CProcessed milk

DBanking services

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Question 267

jamb 2018

A country's budget allocation to various sectors of the economy is shown in the pie chart .
What is the ratio of expenditure of health to Agriculture?

A2:3

B3:4

C4:3

D5:4

View Explanation & Discuss

Question 268

jamb 2018

The number of people who are qualified to work and who offer themselves for employment is called____________?

AMigrant labour

BWorking population

CLabor turnover

DMobility of Labour

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Question 269

jamb 2018

X	8	10	12	16	18	20	24
F	2	1	4	3	3	1	6

From the table, Calculate the mean?

A24.0

B17.0

C18

D27.2

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Question 270

jamb 2018

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

AVolume of trade between countries

Bdirection of international trade

Ccommodity terms of trade

Dvolume of imports

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Question 271

jamb 2018

The study of Economics becomes necessary because of the______________

ALarge population size of the world

BScarcity of resources

COpportunity cost of goods and services

DNeed to satisfy every desire of man

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Question 272

jamb 2018

Efficiency of labour in a country is determined by the following except the____________

ASocial attitude to work

BEducation and training

CTotal population

DWorking conditions of workers

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Question 273

jamb 2018

In a capitalist economy, factors of production are owned and controlled by the _____?

ACitizen

BBusiness Men

CGovernment

DForeigners

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Question 274

jamb 2018

A country's budget allocation to various sectors of the economy is shown in the pie chart .

If the budget of the country was $7,200.00, how much is allocated to education?

A$2,400.00

B$2,000.00

C$1,200.00

D$1,000.00

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Question 275

jamb 2018

The two major types of international trade are Bilateral trade and?

AInternal trade

BMultilateral trade

CDilateral trade

DTrilateral trade

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Question 276

jamb 2018

The diagram below represents a production function. At which of the points does diminishing returns set in__________

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Question 277

jamb 2018

As a factor of production, the reward for land is?

AProfit

BInterest

CRent

DWage

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Question 278

jamb 2018

Taxes and government expenditures are instruments of____________

AMonetary policy

BTax policy

CEconomic policy

DFiscal policy

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Question 279

jamb 2018

The full meaning of NAPEP is?

ANational Poverty Eradication Programme

BNational Agency for Poverty and Education Program

CNational Air Pollution and Environmental Purification

DNone of the above

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Question 280

jamb 2018

The expression of cost in terms of alternative forgone is referred to as ____?

AScarce resources

BDecision making

COpportunity cost

DChoice

View Explanation & Discuss

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