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Economics Study Centre for JAMB, WAEC and NECO


Economics is the study of human action, particularly as it relates to human choice and the utilization of scarce resources. This study centre is designed to help you become a better economics student.



Past Questions (252) - Page 1

Question 1

if X represent the factors of production and Y represent the factor price, which of the following sets of association is correct?

Exam Body: JAMB


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Question 2

If the cost of production for a firm continues to increase as it output rises, the firm is said to be experiencing?

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Question 3

Given perfect competition in the capital market, the opportunity cost of capital is adequately reflected by the?

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Question 4

If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, the resultant point elasticity of demand is?

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Question 5

If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is?

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Question 6

Which of the following factors is an important determinant of the magnitude of price elasticity of demand?

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Question 7

The marginal theory of distribution makes an assertion that the price of any factor depends upon its marginal?

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Question 8

In order to increase its profit margin, the monopolist can manipulate

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Question 9

For purely competitive industry, a fundamental requirement of the demand curve faced by individual firms is that it should be?

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Question 10

The merging of firms engage in different stages of production and marketing is called?

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Question 11

which of the following is an important function of the retailer?

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Question 12

One of the purposes of advertisement in marketing is to?

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Question 13

The size of a business units tends to be small if the activity?

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Question 14

Which type of business organization has the attribute effectively combining management with control?

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Question 15

The co-operative as a form of business organization differs from partnership by having?

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Question 16

the type of business finance that entitle the holder to a fixed rate of dividend is?

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Question 17

Which of the business organization listed below is characterized by limited authority and liability of the individual owners?

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Question 18

A company is said to be highly geared if the?

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Question 19

Industries that can be randomly located are characterized by?

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Question 20

The term 'double coincidence ' of wants is usually associated with a?

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