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Economics Past Questions

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.

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

49 questions
All JAMB WAEC NECO CUSTOM
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Question 1 of 9 49 total questions
Question 21
jamb 2002
The stock exchange is a market for the buying and selling of?
Amonetary instruments
Bnew shares
Cexisting shares
Dtreasury bills
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Question 22
jamb 2002
The solution to the problem of double coincidence of wants requires a buyer and seller whose demands are precisely?
Acompetitve
Bcomposite
Csupplementary
Dcomplementary
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Question 23
jamb 2002

In a centrally planned economy, the economic problem of deciding what to produce is dependent on?

Aaverage profit
Bstate command
Caverage cost
Drelative prices
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Question 24
jamb 2002
A scientific approach in economic analysis entails?
Aa deductive method only
Bboth inductive and normative methods
Ca normative method only
Dboth inductive and deductive methods
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Question 25
jamb 2002
One of the reason for an exceptional demand curve is the?
Aexpectation of a future change in price
Bavailability of credit facilities
Cchange in the price of the commodity
Davailability of substitutes
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Question 26
jamb 2002
A shift in supply curve indicates that a different quantity will be supplied at each possible price because?
Aconsumers are willing to pay higher prices
Bsupply is facing competition
Cother factors than price have changed
Dprice has changed
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Question 27
jamb 2002
A student has N30.00 with which to buy a ruler costing N18.00 and an exercise book costing N25.00. If he buys the exercise book, his opportunity cost is?
Athe ruler
Bthe exercise book
CN25.00
D18.00
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Question 28
jamb 2002
The demand for factors of production is an example of?
Ajoint demand
Bcompetitive demand
Cderived demand
Dcomposite demand
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Question 29
jamb 2002

The elasticity of supply of perishable goods is?

Aunitary
Binelastic
Czero
Delastic
View Explanation & Discuss
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