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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.

44 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10

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Past Questions

44 questions

Question 1 of 4 44 total questions

Question 21

waec 2011

An arrangement of data in rows and columns is referred to as

Agraph

Bbar chart

Cpie chart

Dtable

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Question 22

waec 2011

The production possibility curve (PPC) indicates that as more of one good is produced.

Aless of the other goods is produced

Bthe same quantity of the other good is produced

Cmore of the other good is produced

Dnone of the other good is produced

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Question 23

waec 2011

The difference between the money cost and the real cost of any item is that

Areal cost is the alternative forgone while the money cost is the actual amount paid for buying the item

Bthe real cost is the opportunity cost, while the money cost is the marginal cost

Cmoney cost is the opportunity cost, while the real cost is the actual cost in monetary terms

Dmoney cost is always greater than the real cost

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Question 24

waec 2011

Human wants are

Alimited

Bscarce

Cunlimited

Din grades

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