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

Economics Questions

Question 396:

Which is an example of an invisible item in the trade Account of Ghana?

A Export of Cocoa from Ghana
B Import of oil from Nigeria
C A gift of a Peugout 504 by a firm in Nigeria to a firm in Ghana
D Payment for shipping and insurance by a Ghanaian company to companies outside Ghana
E None of the above

Question 397:

Which is NOT a direct effort to increase Agricultural production in Nigeria?

Question 398:

If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing

Question 399:

Price control cannot work in Nigeria because

A The population is too large
B The policemen hate to arrest people
C While it is fairly easy to control producers and importing firms, smaller distributors are too many to be controlled
D Control cannot work under military rule
E Too many things are produced in the country

Question 400:

The foreign exchange market is a market where