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Tuesday, 28 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 1901:
When workers have a union, the supply of labour is said to be
  • A Monopolistic
  • B Oligopolistic
  • C Monopsonistic
  • D Competitive
View Answer & Explanation
Question 1902:
The percentage contribution of the transport sector is:
  • A 600.0
  • B 166.7
  • C 60.0
  • D 16.7
View Answer & Explanation
Question 1903:
If the contribution of the oil sector is N3.6 million, what is the contribution of the other sectors?
  • A N10.8 million
  • B N7.2 million
  • C N3.6 million
  • D N2.4 million
View Answer & Explanation
Question 1904:
The marginal product of the 5th unit of capital is
  • A 42
  • B 85
  • C 144
  • D 213
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Question 1905:
Economics is the study of human behaviour as it relates to the
  • A Efficient allocation of resources
  • B Production of goods
  • C Operation of companies
  • D Generation of income
View Answer & Explanation