Economics Past Questions

Exam Type:

Exam year:

Question Type:

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

1661

Which of the following pairs can be referred to as middlemen?

A. wholesalers and agents
B. Retailers and consumers
C. Consumers and agents
D. Wholesalers and retailers
E. Wholesalers and consumers

View Answer & Discuss (1) WAEC 1994

1662

Mono-products economics are those that

A. have a rich culture heritage
B. produce only raw materials
C. live on the exportation of their raw products
D. produce one main commodity
E. specialize in agricultural industries

View Answer & Discuss WAEC 1994

1663

A Nigerian household demand curve for semovita is downward sloping because

A. the demand for semovita is high
B. the local markets are flooded with semovita
C. semovita is produced in Nigeria
D. every household can afford to buy semovita
E. the higher the price of semovita, the lower the quantity demanded

View Answer & Discuss WAEC 1994

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

1664

To the economist a stock of goods existing at a a particular time and conforming to certain requirements such as having utility, money value and being limited in supply , is known as

A. consumer goods
B. products
C. wealth
D. commercial goods
E. durable goods

View Answer & Discuss WAEC 1994

1665

The decision to consume more of one product swill under normal circumstances imply that

A. more of another product will be consumed
B. less of something else will be consumed
C. no other product will be consumed
D. decision-making is basic in economics
E. enough resources are available

View Answer & Discuss WAEC 1994

Start a Free Practice Test

Economics Past Questions

Subjects

Sign In