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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.

46 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10

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46 questions

Question 1 of 6 46 total questions

Question 21

neco 2007

Unemployment resulting from physical or mental deficiency is known as……………unemployment.

Acyclical

Bdisguised

CFrictional

Dresidual

EVoluntary

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Question 22

neco 2007

Population density refers to

Atotal population

Bthe total population divided by the total area of land

Cthe total area of land divided by the total population

Dthe population ratio of male and female

Eoptimum Population level

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Question 23

neco 2007

A tax system in which the rich pay a higher percentage of income as tax than the poor is known as

Acapital gains tax

Bprogressive taxation

Cproportional taxation

Dregressive taxation

Esales tax

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Question 24

neco 2007

Which of the following is an advantage of free enterprise economy?

AAllocates resources better

BAvoids extreme Inequality of income

CFull employment

DIt is very competent In providing vital social services

ENo need of employing a host of officials to allocate resources

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Question 25

neco 2007

If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is

Abalanced

Bdeficit

Crestricted

Dsurplus

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Question 26

neco 2007

Which of the following is NOT an advantage of localization of industry?

AAvailability of social amenities

BDevelopment of subsidiary industries

CHighly organized markets

Dsupply of skilled labour

Etraffic De-congestion

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