Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.
Study the following Economics past questions and answers for JAMB, WAEC, NECO and Post UTME. Prepare yourself with past questions and answers for your upcoming examinations.
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The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continously
Which of the following rewards is associated with entrepreneurship
Which of the following is likely to be inflationary
The relationship between the tax rate and income relevant to progressive tax is shown by the?
The relationship between tax rate and income relevant to a proportional tax is depicted by the?
Fiduciary issue is that part of?
The Nigerian bank for commerce and industry is?
The type of business finances that entitles the holder to a fixed rate of dividend is?
To control inflation, the monetary authorities of a country can
A company’s expenditure on raw materials is regarded as?
Which of the following is used by the central bank to control the rate of interest
Firms are often set up close to each other in order to take advantage of?
What form of market is found in an imperfect competition where there are few buyers and many sellers?
A situation in which a commodity is sold abroad below its cost of production in the home country is known as?
A budget with a projected revenue in excess of its expenditure is said to be?
The problem of conducting census include
In order to raise more revenue for a certain period, the government should impose higher taxes on goods whose demand
The factor of production that has the highest degree of mobility is?
If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?
In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of?
Collectivism refers to the management of state enterprises in a?
Efficiency in production means?
In economic life, the choice among alternatives depends on the?
Scarcity in economics means?
Which of the following is an example of an invisible item on the balance of payments account?
A major factor affecting the value of money is the?
Economics is often described as a social science because?