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 271
jamb 2018
X 8 10 12 16 18 20 24
F 2 1 4 3 3 1 6

 

From the table, Calculate the median___________

A24.0
B17.0
C18
D16
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Question 272
jamb 2018

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

ADeflation
BInflation
CDevaluation
DRevaluation
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Question 273
jamb 2018

A  capital market differs from the money market in that in the former ________?

AThe percentage of interest charged is more
BLoan sought is long term
CLoan repayment is guaranteed
DLoan sought is short-term
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Question 274
jamb 2018

An economy in which both the public and private sectors contribute to economic growth is a__________?

Asocialist economy
Bfeudal economy
Cmixed economy
Dcapitalist economy
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Question 275
jamb 2018

The transfer of public share holding in corporations to private enterprise is___________?

AIncorporation
BConcession
CPrivatization
DCommercialization
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Question 276
jamb 2018

The labour force of a country is determined by the___________

Ageographical distribution of the population
Bage structure of the population
Cnumber of people available for work
Dsex distribution of the population
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Question 277
jamb 2018

An ad valorem tax is imposed on_____?

AExports
BImports
CThe Value of a Commodity
DSpecial Commodities
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Question 278
jamb 2018

From the diagram shown, the optional point of production is_____________?

AR
BT
CS
DU
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Question 279
jamb 2018

Given that Y = C + I, where C = 50 + 0.75Y and I = N45m, what is the equilibrium level of income?

AN20m
BN380m
CN200m
DN180m
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Question 280
jamb 2018

In the history of economics the concept of division of labour is usually associated With______________-

AKarl Marx
BAdam Smith
CDavid Ricardo
DJ.M Keynes
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Question 281
jamb 2018

The coefficient of the price elasticity of supply is always_____________

AConstant
BZero
CPositive
DNegative
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Question 282
jamb 2018

An upward movement along the same supply curve result in_____________

Aa decrease in price
Ban increase
Can increase in quantity supplied
Da decrease In quantity supplied
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Question 283
jamb 2018

The effects on the demand for product A caused by a change in the price of product B is Called____________

AJoint demand
Bcross-elasticity of demand
Celasticity of supply
Dcompetitive demand
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Question 284
jamb 2018

Concentrating industries in one place is advantageous because there are gains in terms of_____________

Acost economies
Beconomies of scale
Cinternal economies
Dexternal economies
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Question 285
jamb 2018

By utility we mean____________

Abeneficial
Bpower of satisfying a want
Cadvantageous
Dconsumable
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Question 286
jamb 2018

From the graph above the consumer will attain equilibrium at point_______________

AJ
BK
CM
DL
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Question 287
jamb 2018

The money paid per hour for work done is_________

Acost
Bsalary
Cbonus
Dwage rate
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Question 288
jamb 2018

If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in____________

Aa decrease in profit by 43%
Ban increase in profit by 43%
Ca net loss
Da net gain
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Question 289
jamb 2018

If the price of a ball point pen falls from N1.00 to N0.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________

A0.50
B0.40
C1.25
D0.80
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Question 290
jamb 2018

A limited liability company is owned by________________

Aa bank
Ban individual
Ctwo or more partners
Dshare holders
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