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

Economics Questions

Question 941:

A shift in the production possibility frontier could result from?

Question 942:

The primary problem of Economics is?

A To obtain a more equitable distribution of money income
B The scarcity of productive resources relative to material needs
C How to reach prices which correctly depict that products and resources are not in abundance
D To teach people how to save so as to make more money

Question 943:

Efficiency in production involves?

A Reducing the size of the workforce
B Producing a given output with the lowest cost combination of factors of production
C Adoption of capital-intensive technology
D Increasing the quantity of the fixed factor of production

Question 944:

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