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 821
jamb 2011

Optimum population enables an economy to attain the highest level of

AIndustrial development
BIncome per head
CRevenue generation
DEconomic development
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Question 822
jamb 2011

The profit of a monopolist can be eliminated where price equals

AAFC
BMC
CAC
DAVC
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Question 823
jamb 2011

If real income increases while nominal income remains the same, it can be inferred that

AUnemployment rate has decreased
BGeneral prices has fallen
CEmployment rate has risen
DGeneral prices have risen
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Question 824
jamb 2011

The optimal range of output for a perfectly competitive firm is

AAC is lowest
BAVC is lowest
CMC is rising
DMC is falling
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Question 825
jamb 2011

The median of an odd-numbered set of scores is the

AMiddle value in the set
BHighest value in the set
CArithmetic means of the set
DMost frequent occuring score
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Question 826
jamb 2011

What does X represent?

Arecessionary gap
BGNP gap
Cinflationary gap
Ddeflationary gap
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Question 827
jamb 2011

The deflationary gap is defined by

AX
BK
CX + K
DX - K
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Question 828
jamb 2011

When 20 units of output is produced, TC will be

AN360
BN300
CN460
DN400
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Question 829
jamb 2011

The average total cost when 20 units are produced is

AN20.00
BN23.00
CN13.00
DN15.00
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Question 830
jamb 2011

From the Diagram above, the optimal point of production is

AR
BT
CU
DS
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Question 831
jamb 2011

From that table above, the price elasticity of supply is

A4
B25
C1
D2
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Question 832
jamb 2011

The graph of the schedule above will depict

Aa kinked demand curve
Ba normal demand curve
Can abnormal demand curve
Da diminishing marginal utility curve
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Question 833
jamb 2011

The World Trade Organization is responsible for

Astabilizing and harmonization oil prices
Bensuring equal participation of countries in trade
Cmodernising world economies
Dminimizing obstacles to international trade and investment
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Question 834
jamb 2011

The money paid per hour for work done is

Asalary
Bwage rate
Ccost
Dbonus
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Question 835
jamb 2011

Trade takes place because of

Amarginal utility
Binefficiency in production
Copportunity cost
Dcomparative advantage
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Question 836
jamb 2011

A change from one industry to another by a worker is an example of

Ageographical mobility
Bhorizonatal mobility
Cprofessional advancement
Dveritcal mobility
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Question 837
jamb 2011

In modern economies, the Malthusian theory of population is ineffective because of

Abirth control measures
Btechnical progress
Cgovernment policies
Dnatural disasters
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Question 838
jamb 2011

A condition in which official and autonomous exchange rate coexist is

Adual exchange rate system
Bmanaged floating rate system
Cmarket determined exchange rate system
Dmultiple exchange rate system
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Question 839
jamb 2011

The transfer to public shareholding corporations to private enterprises is

Aconcession
Bincorporation
Ccommercialization
Dprivatization
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Question 840
jamb 2011

The record of a country's transactions in international trade is her

Acapital account
Bbalance of payments
Ccurrent account
Dbalance of trade
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