Economics Past Questions For JAMB, WAEC, NECO & Post UTME, With Answers, And Explanations - Economics

Economics Questions

Question 536:

The terms of trade are said to be favorable only if

Question 537:

If the government is interested in raising the highest revenue from a tax system, then for any two commodities

Question 538:

'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?

A Human wants are numerous but the resources needed to satisfy them are limited
B Given numerous wants and limited resources only individuals and businesss firms make choice
C The process of making a choices involves opportunity cost
D An economist is not interested morality or otherwise of any choice so made
E Usually choice is made from a list of wants compliled in the context of a scale of preference

Question 539:

'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?

A Human wants are numerous but the resources needed to satisfy them are limited
B Given numerous wants and limited resources only individuals and businesss firms make choice
C The process of making a choices involves opportunity cost
D An economist is not interested morality or otherwise of any choice so made
E Usually choice is made from a list of wants compliled in the context of a scale of preference

Question 540:

Which of the following alternatives will NOT assist in checking the population growth in West Africa countries?