Economics Past Questions And Answers

Note: You Can Select Post UTME Schools Name Below The Exam Year.
291

which of the following is a function of the retailer?

  • A. provision of storage facilities
  • B. financing manufacturers
  • C. stocking variety of goods
  • D. advertisement of goods
View Discussion (0)WAEC 2000 OBJ
292

Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are?

  • A. 20 and 80
  • B. 30 and 120
  • C. 40 and 60
  • D. 60 and 240
View Discussion (0)JAMB 1997
293

Which of the following is capable of increasing the population of a country?

  • A. increase in birth rate
  • B. increase in death rate
  • C. poor medical facilities
  • D. decrease in birth rate
View Discussion (0)WAEC 2012 OBJ
294

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

  • A. ban the importation of a agricultural products
  • B. increase the exportation of agricultural products
  • C. improve the quality of domestic agricultural products
  • D. increase the output of domestic agricultural products
View Discussion (0)JAMB 2009
295

(a) What is crop farming? (2 marks)

(b) Outline anyfour measures that can be adopted to increase crop production in your country. (12 marks)

(c) State anytwo contributions of the industrial sector to agriculture in your country. (6 marks)

View Discussion (0)WAEC 2014 THEORY
296

Palm oil and palm kernel have

  • A. competitive supply
  • B. excess supply
  • C. joint supply
  • D. composite supply
View Discussion (0)WAEC 2011 OBJ
297

In market economy, the question of what, how and for whom to produce are solved the

  • A. elected representative
  • B. planning committee
  • C. price mechanism
  • D. government
View Discussion (0)JAMB 1991
298

An indicator of growth in an economy over a period of time is the

  • A. GDP gap
  • B. GDP at factor cost
  • C. GDP at market price
  • D. GDP deflator
View Discussion (0)JAMB 2011
299

Exclusions that makes Gross National Product a poor measure of welfare are?

  • A. goverment purchases
  • B. government millitary outlays
  • C. wages and salaries
  • D. house wives services
View Discussion (0)JAMB 2000
300

if in the graph, it is assumed that the price is initially P1, it can be deduced that price will

  • A. fall because there is a surplus
  • B. remain constant because it is the equilibrium price
  • C. rise because there is a shortage
  • D. double
View Discussion (0)JAMB 1992