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.

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

90 questions
Question 1 of 10 90 total questions
Question 41
jamb 2018

The factor of production that has the highest degree of mobility is__________?

Aentrepreneurship
Bland
Clabour
Dcapital
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Question 42
jamb 2018

When a variable is associated with time period, it is_____________

Acircular
Ba flow
Cstatic
Da stock
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Question 43
jamb 2018

A major determinant of the demand for a luxury good is____________?

Athe price of other goods
Bthe price of the good
Ctastes and fashion
Dthe income of consumers
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Question 44
jamb 2018

The savings deposit in a commercial bank is called____________?

Anear money
Bcall money
Ccapital
Dfund
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Question 45
jamb 2018

The ultimate objectives of economics is to_________?

Adecide under what circumstances that government should intervene in the economy
BOrganize production at the lowest cost
CMake the best use of scarce resources
Dmake efforts to understands how the economy works
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Question 46
jamb 2018

If the standard deviation of a given data is 8.2, find its variance_______________

A82.0
B91.8
C67.2
D4.1
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Question 47
jamb 2018

Commercial bank reserves at the Central Bank____________

Aadvancing trade, prospects
Bcontrolling credit and money supply
Creducing bank frauds
Ddiscouraging banking operations
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Question 48
jamb 2018

In the long run, all production factors are____________

Avariable
Bfixed
Csemi-variable
Dsemi-fixed
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Question 49
jamb 2018

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

Abank load
Bdebenture
Cpreferred stock
Dsemi-fixed
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Question 50
jamb 2018

The privatization of public enterprises will lead to the efficient management of resources in the economy. This statement can best be described as_____________

Adeductive reasoning
Bpositive reasoning
Cnormative reasoning
Dinductive reasoning
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