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 501
waec 2017

one way of speeding up the economic development of a country is by encouraging

Athe consumption of consumer goods
Bearly marriage
Cthe importation of more consumer goods
Dsavings and investment
View Explanation & Discuss
Question 502
waec 2017

which of the following is not a feature of economic underdevelopment 

Amonocultural economy
Bhigh productivity
Clow life expectancy
Dincome inequality
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Question 503
waec 2017

The control of aggregate demand through changes in government spending and tax rates is referred to as?

Amonetary policy
Bgovernment policy
Cincome policy
Dfiscal policy
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Question 504
waec 2017

Direct taxes include?

Aexcise duty
Bad valorem tax
Cspecific tax
Dcapital gain tax
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Question 505
waec 2017

The function that distinguishes commercial banks from the central bank is that the former 

Ais a lender of last resort
Baccepts deposits from the public
Cservices the public debt
Dregulates foreign exchange
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Question 506
waec 2017

one of the major functions of money is?

Amedium of exchange
Bstable in value
Cstore of value
Dacceptance by the central bank
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Question 507
waec 2017

A measure of the value of money in an economy is the

Asize of workers
Bgeneral price
Ctotal level of savings
Dtotal amount of loans granted by the banks
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Question 508
waec 2017

which of the following is most likely to be of benefit to a debtor

Ainflation
Bdeflation
Crevaluation
Dmonetization
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Question 509
waec 2017

the value added method used in measuring national income is to 

Ameasure output at factor cost
Bavoid multiple counting of output
Cdeduct depreciation of capital assets
Dadd net factor income from abroad
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Question 510
waec 2017

which of the following is a transfer income

Adividends
Brent
Cpensions
Dinterest
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Question 511
waec 2017

in an industrial area, the location of industries is particularly influenced by ?

Aextent of the division of labour
Bexternal economies
Cinternal economies
Dnearness to financial institution
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Question 512
waec 2017

which of the following is a threat to the existence of middlemen

Aconsumers cooperative society
Bproducers cooperative society
Csales agents
Dlarge scale producers
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Question 513
waec 2017

which of the following is a threat to the existence of middlemen

Aconsumers cooperative society
Bproducers cooperative society
Csales agents
Dlarge scale producers
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Question 514
waec 2017

The system of agriculture which involves the cultivation of crops and rearing of animals for family consumption only is termed?

Apeasant farming
Bplantation agriculture
Ccommercial farming
Dsubsistent farming
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Question 515
waec 2017

which of the following is an implication  of a large population

Adecrease in crime rate
Bincrease in food supply
Cdecrease in standard of living
Ddecrease in cost of living
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Question 516
waec 2017

A civil engineer who accepts to teach elementary science in a primary school because he cannot get a paid engineering job is an example of?

Astructural unemployment
Bdisguised unemployment
Cresidual unemployment
Dfrictional unemployment
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Question 517
waec 2017

The total number of people of working age who are willing and prepared to work at a given wage rate is the 

Alabour force
Bsupply of labour
Cdemand of labour
Doccupational demand for labour
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Question 518
waec 2017

if a state owned firm is sold through the stock market, the organisation becomes?

Apartnership
Bprivate company
Cpublic limited company
Dpublic corporation
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Question 519
waec 2017

Equity shares form the bulk of the capital of a?

Aprivate firm
Bpublic company
Cstatutory company
Dlimited partnership
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Question 520
waec 2017

which of the following is trueof the monopolist

Ahis average revenue curve is horizontal
BHe determines both price and output
Chis demand and marginal revenue curve are the same
Dhe determines either price or output
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