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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.

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 941

waec 2009

A type of unemployment which occurs due to technological progress is called

Africtional unemployment

Bresidual unemployment

Cstructural unemployment

Dmass unemployment

View Explanation & Discuss

Question 942

waec 2009

choice is necessitated by

Ademand and supply

Bcost of production

Cproduction possibility curve

Dscarcity of resources

View Explanation & Discuss

Question 943

waec 2009

The concept of opportunity cost is also referred to as

Asocial cost

Breal cost

Cfixed cost

Dvariable cost

View Explanation & Discuss

Question 944

waec 2009

» the study of economics becomes necessary because of the

Alarge population size of the world

Bscarcity of resources

Copportunity cost of goods and services

Dneeds to satisfy every desire of man

View Explanation & Discuss

Question 945

jamb 2009

Determine the average product of the 4th unit of capital

A53

B86

C212

D213

View Explanation & Discuss

Question 946

jamb 2009

The marginal product of the 5th unit of capital is

A42

B85

C144

D213

View Explanation & Discuss

Question 947

jamb 2009

If the contribution of the oil sector is N3.6 million, what is the contribution of the other sectors?

AN10.8 million

BN7.2 million

CN3.6 million

DN2.4 million

View Explanation & Discuss

Question 948

jamb 2009

The percentage contribution of the transport sector is:

A600.0

B166.7

C60.0

D16.7

View Explanation & Discuss

Question 949

jamb 2009

When workers have a union, the supply of labour is said to be

Amonopolistic

Boligopolistic

Cmonopsonistic

Dcompetitive

View Explanation & Discuss

Question 950

jamb 2009

The mobility of labour is mainly determined by

Athe age of workers

Bgovernment policy

Ctrade unions

Dwage rate differentials

View Explanation & Discuss

Question 951

jamb 2009

Occupational distribution of population determines the

Asize of a population available and willing to work

Bpopulation density of a place

Cdependency ratio of a country

Dsize and categories of the labour force

View Explanation & Discuss

Question 952

jamb 2009

High dependency ratio is influenced by

Ahigh infant mortality rate

Bthe level of income

Chigh birth rate

Dinadequate medical care for children

View Explanation & Discuss

Question 953

jamb 2009

Activities in the oil and gas industry are classified into

Aoil exploration and distribution

Brefining and marketing of finished products

Cupstream and downstream

Dexploration and drilling

View Explanation & Discuss

Question 954

jamb 2009

The current industrial development strategy in Nigeria is aimed at encouraging

Asmall-scale industries

Bmedim-scale industries

Csmall-and medium-scale industries

Dmedium-and large-scale industries

View Explanation & Discuss

Question 955

jamb 2009

Industries for consumer goods are concentrated in urban centers as a result of

Alarge market

Bpower supply

Cgovernment policy

Dweather conditions

View Explanation & Discuss

Question 956

jamb 2009

In Nigeria, the location of a steel industry at Ajaokuta is due to

Athe availability of transport ntwork

Bthe proximity to source of power

Cthe proximity to large deposits of iron ore

Dpolitical consideration

View Explanation & Discuss

Question 957

jamb 2009

To enhance the competitiveness of domestic agricultural products, there is need to

Aban the importation of a agricultural products

Bincrease the exportation of agricultural products

Cimprove the quality of domestic agricultural products

Dincrease the output of domestic agricultural products

View Explanation & Discuss

Question 958

jamb 2009

The marketing of agricultural products in Nigeria can be improved by

Aa massive production of farm produce

Bre-establishing the marketing boards

Cestablishing more agricultural banks

Dprocessing of farm produce

View Explanation & Discuss

Question 959

jamb 2009

A public liability company is run on a daily basis by

Athe chief executive

Bthe shareholders

Cthe board of directors

Dfinancial consultants

View Explanation & Discuss

Question 960

jamb 2009

The major problem confronting a sole proprietor is

Ahigh level of risk

Blimited expertise

Climited source of capital

Dhigh taxation

View Explanation & Discuss

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