Economics Past Questions

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4,545 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

4,545 questions
Question 1 of 20 4,545 total questions
Question 491
jamb 2018

If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then____________

Aonly the quantity will increase
BThe prices will remain constant
Cthe equilibrium price and quantity will increase
Donly the price will increase
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Question 492
jamb 2018

The minimum number of share holders for joint stock companies is_______________

A4
B2
C7
D3
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Question 493
jamb 2018

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

Aentrepreneurship
Bland
Clabour
Dcapital
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Question 494
jamb 2018

When a variable is associated with time period, it is_____________

Acircular
Ba flow
Cstatic
Da stock
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Question 495
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 496
jamb 2018

The savings deposit in a commercial bank is called____________?

Anear money
Bcall money
Ccapital
Dfund
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Question 497
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 498
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 499
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 500
jamb 2018

In the long run, all production factors are____________

Avariable
Bfixed
Csemi-variable
Dsemi-fixed
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Question 501
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 502
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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Question 503
waec 2017

the negative effects of mining in wast A frica does not include?

AReafforestation in rural communities
Bland degradation
Cdestruction of farm lands
Dpollution of water bodies
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Question 504
waec 2017

Which of the following resources is renewable

Acoal
Biron ore
Crice
Dlimestone
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Question 505
waec 2017

one objective of organisation of patroleum exporting countries (OPEC) is to?

Aharmonize and stabilize oil prizes
Bensure excess supply of oil to consuming countries
Csubsidize oil prices in member countries
Dassist member countries to exploit oil resources
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Question 506
waec 2017

one problem facing the economic integration of countries in west Africa is the

Apresence of large and developed market
Buneven development among west African countries
Cexistence of different central banks in the countries
Dfairly of labour to move freely in the country
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Question 507
waec 2017

which of the following terms of trade is recorded in a country's current account section of the balance of payments

Ainvestment income
Bforeign direct investment
Clongterm capital flows
Dlong-term loans
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Question 508
waec 2017

Modern international trade is based on the principle of?

Aabsolute cost advantage
Bcomparative advantage
Cterms of trade
Dbalance of trade
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Question 509
waec 2017

Infant industries can be described as?

Anewly established industries
Bindustries enjoying tax holidays
Cindustries producing baby products
Dnewly commercialized industries
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Question 510
waec 2017

Dumping in international occurs when a foreign firm sells

Aabove its cost of production at home and abroad
Bbelow its cost of production at home and abroad
Cmore goods to a country than the country has need of
Dbelow its cost of production in a foreign market
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