[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
  1. Home
  2. Classroom
  3. Economics

Economics Past Questions

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

Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1221
The only factor of production that plays an active role in the production process is
  • A. land
  • B. capital
  • C. entrepreneur
  • D. labour
View Answer & Discuss (8) JAMB 2006
1222
The market structure in which there is interdependence of price-output policies is
  • A. a pure monopoly
  • B. an oligopoly
  • C. a pure competition
  • D. a monopolistic competition
View Answer & Discuss (1) JAMB 2006
1223
If the short-run cost curve of a firm is U-shaped, the marginal and average cost are equal where the
  • A. average variable cost is minimum
  • B. marginal cost is falling
  • C. average cost is minimum
  • D. average fixed cost is falling
View Answer & Discuss (3) JAMB 2006
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1224
A perfectly competitive firm is advised to close down when the
  • A. price is below the marginal cost
  • B. price is equal to the marginal revenue
  • C. marginal revenue is equal to the marginal cost
  • D. price is below the average variable cost
View Answer & Discuss (1) JAMB 2006
1225
Product differentiation in monopolistic competition implies that
  • A. different buyers pay different prices for the same product
  • B. different products are sold to the same buyer
  • C. sellers determine whom to sell their products to
  • D. the same product is available in different forms
View Answer & Discuss JAMB 2006
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts