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Monday, 06 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 1191:
From the diagram above, a shift in the demand curve from DoDo to D1D1 implies
  • A A rise in the demand for the commodity
  • B A fluctuation in the demand for the commodity
  • C A fall in the demand for the commodity
  • D An equilibrrium in the demand for the commodity
View Answer & Explanation
Question 1192:
Using the table calculate the net income
  • A N58m
  • B N54m
  • C N50m
  • D N46m
View Answer & Explanation
Question 1193:
What type of unemployment is revealed by the dotted lines on the graph?
  • A Frictional unemployment
  • B Cyclical unemployment
  • C Circular unemployment
  • D Underemployment
View Answer & Explanation
Question 1194:
The above diagram showing the maximum possible combination of commodities X and Y produced in Nigeria is called the
  • A Production indicator
  • B Maximum production curve
  • C Production possibility curve
  • D Total output curve
View Answer & Explanation
Question 1195:
The basic economic problems of the society include?
  • A What to produce, how and for whom
  • B How to produce and sell
  • C Scarcity, when to produce and how
  • D Scarcity, for whom to produce and where
View Answer & Explanation