Economics Past Questions And Answers

Note: You Can Select Post UTME Schools Name Below The Exam Year.
3211

Elasticity demand is an effective tool in the hands of a producer in that it enables him?

  • A. raise his profit and lower his costs
  • B. discourage buyers from cheating
  • C. determine what he will produce
  • D. set his price to maximize his profit
View Discussion (0)JAMB 1994
3212

One of the functions of Development Banks is to

  • A. mint money for the development of the economy
  • B. provide short-term loans to commercial banks
  • C. provide medium and long-term finance for the development of the banking system
  • D. provide medium and long-term finance for the development of the economy
View Discussion (0)JAMB 1991
3213

What is the median? State its merits and demerits.

View Discussion (0)WAEC 1991 THEORY
3214

In a country with ageing population , the total population

  • A. comprises young school leavers only
  • B. comprises mainly women
  • C. is increasing at a low rate
  • D. has reached the optimum level
View Discussion (0)WAEC 2001 OBJ
3215

The market supply curve slopes upward from left to right indicating that?

  • A. producers pay high taxes
  • B. two commodities can be supplied at the same time
  • C. at a lower price, less is supplied
  • D. at a lower price, more is supplied and demanded
View Discussion (0)WAEC 2015 OBJ
3216

If the pass mark was 40. how many students passed the examination?

  • A. 100
  • B. 120
  • C. 160
  • D. 200
View Discussion (0)JAMB 2000
3217

The slow pace of industrial growth in Nigeria can be attributed to?

  • A. overdependence on the oil sector
  • B. inadequate number of unskilled labour
  • C. lack of raw materials
  • D. inadequate infrastructural facilities
View Discussion (0)JAMB 2000
3218

Maximum wage legislation seeks to

  • A. fix wages above the equilibrium wage rate
  • B. set wages below the equilibrium wage rate
  • C. deter employers from exploiting their employees
  • D. ensure an upper limit to the wages payable
View Discussion (0)JAMB 2004
3219

The oil-producing area in Nigeria are agitating for special compensation owing mainly to

  • A. the high level of poverty
  • B. the high level of unemployment
  • C. constant flooding
  • D. environmental pollution
View Discussion (0)JAMB 2006
3220

(a) What arenatural resources?

(b) Identify any three contributions of forest resources to the economic development of your country.

(c) Describe any three negative effects of the exploitation of mineral resources.

View Discussion (0)WAEC 2018 THEORY