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

Economics Questions

Question 3826:

Industries contribute to national<br/>economic development because they

Question 3827:

Infant industries are ____

A Baby food and baby clothing factories
B Those which are introducing new products
C Cases of arrested development
D Industries temporarily protected by tariffs barriers until mature enough to compete on world markets
E Industries that are allowed to remain permanent cases of adolescence

Question 3828:

The export-promotion strategy is aimed at producing ____

Question 3829:

Long run cost is U-shaped because of the operation of

A Economies of scale on the left-hand side and diseconomies of scale on the right-hand side
B Diseconomies of scale on the left- and right-hand sides
C Economies of scale on the left- and right-hand sides
D Constant return to scale
E Diseconomies of scale of the left-hand side and economies of scale of the right-hand side

Question 3830:

Marginal cost is the cost