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

Economics Questions

Question 446:

The central bank controls the activities of other banks by all but one of the following

Question 447:

which of these alternative is wrong? central banks are

Question 448:

The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions

A There are restrictions in trade
B There are no cost of transportations
C Ther is perfect competition
D There are no tariff or import and export quota
E There are only two countries and only two commodities entering into international trade

Question 449:

Which of the following is not a direct tax?

Question 450:

Division of labour means

A Dividing the labour into different categories
B Splitting the process of production into different parts to be completed by each person
C Dividing the goods and services into different sections
D Assigning different duties to labourers
E Group of labourers working in a factory or shop