Economics Past Questions

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2,540 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

2,540 questions
Question 1 of 20 2,540 total questions
Question 521
jamb 2009

A movement along the same demand curve is caused by the

Aprice of the product
Bprice of other products
Cincome of the consumer
Dtaste of the consumer
View Explanation & Discuss
Question 522
jamb 2009

The privatization exercise in Nigeria is a move towards a

Amixed economy
Bsubsistence economy
Cmarket economy
Dcommand economy
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Question 523
jamb 2009

A cumulative frequency graph is

Aa histogram
Ban ogive
Ca bar chart
Da pie chart
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Question 524
jamb 2009

A typical feature of a market economy is that

Aall producers make profit
Bfull employment exists
Cconsumer sovereignty exists
Dthere is equality of economic agents
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Question 525
jamb 2009

Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

AA bag only
BA book and a bag
CA shirit and a bag
DA shirit only
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Question 526
jamb 2008

Individual markets differ from each other according to

AThe degree of competition
BThe volume of trade
CThe number of buyers
DIt's composition
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Question 527
jamb 2008

One of the factors affecting the supply of manufactured goods is

AWeather
BTechnology
CConsumer tastes
DAvailability of inputs
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Question 528
jamb 2008

Use the information below to answer this question.
Given that Q d = 20 - 4P and Qs = 6P + 12

If price is increased to N3, how much is the excess supply?

A30
B22
C12
D8
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Question 529
jamb 2008

Use the information below to answer this question.
Given that Q d = 20 - 4P and Q = 6P + 12

Determine the equilibrium quantity

A14.2
B16.8
C20.8
D30.2
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Question 530
jamb 2008

Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.

What is the modal score?

A36
B42
C54
D62
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Question 531
jamb 2008

Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.

Calculate the mean?

A45.5
B55.6
C55.8
D65.8
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Question 532
jamb 2008
From the shaded area of the diagram above, an appropriate population policy will be to
Aencourage early marriages
Bdiscourage immigration
Cdiscourage polygamy
Dencourage the use of contraceptives
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Question 533
jamb 2008
From the graph above , point M shows that MC
Acuts AC at its minimum point
Band AC rises simultaneously
Ccuts AC at its maximum point
Dis falling
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Question 534
jamb 2008

In the diagram above, there is an excess

Ademand for 30 units
Bsupply of 40 units
Cdemand for 20 units
Dsupply of 20 units
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Question 535
jamb 2008

A classroom teacher is promoted to the rank of a principal. This is an example of

Avertical mobility
Blateral mobility
Csocial mobility
Dhorizontal mobility
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Question 536
jamb 2008

If the active population is 50 million and unemployed is 5 million what is the unemployment rate?

A10%
B45%
C55%
D90%
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Question 537
jamb 2008

A high rent on land will affect the cost of producing maize

Aat the early stage of production
Bnegatively
Cat the later stage of population
Dpositively
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Question 538
jamb 2008
A major trading problem facing ECOWAS is
Athe absence of common currency
Bpolitical instability
Chigh poverty level
Dnon implementation of decisions
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Question 539
jamb 2008

The OPEC marketing policy of fixing minimum price allows members to

Asell above minimum price
Bsell below minimum price
Cdetermine the price and quantity to sell
Dnegotiate price with customers
View Explanation & Discuss
Question 540
jamb 2008

The population of a country will decrease if

Athe death rate exceeds the birth rate
Bimmigration is equal to emigration
Cthe birth rate exceeds the death rate
Dthere is rapid economic growth
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