[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Economics
  4. NECO 2002

Economics 2002 NECO Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
26
To discourage the consumption of harmful commodities, government should tax such commodities if they have
  • A. elastic demand
  • B. inelastic demand
  • C. negative demand
  • D. positive demand
  • E. unitary demand
View Answer & Discuss (2) NECO 2002
27
The formular used by the Expenditure approach to calculate National income is
  • A. Y=C + I + X - M –G
  • B. Y= C + X – M – I + G
  • C. Y = C + I + G + X – M
  • D. Y = C – I + X – M + G
  • E. Y = C + G – X + M – I
View Answer & Discuss NECO 2002
28
A producer who can only influence the price of his product but canNOT determine the quantity to be sold is referred to as
  • A. duopoly
  • B. monopolist
  • C. monopsonist
  • D. oligopoly
  • E. perfect competitor
View Answer & Discuss NECO 2002
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
29
Government expenditure on universal basic education and subsidy on agriculture are aimed at
  • A. encouraging growth of the economy
  • B. projecting images of government
  • C. re-allocation of resources
  • D. redistribution of income and wealth
  • E. stabilization of the economy
View Answer & Discuss NECO 2002
30
Which of the following measure will NOT serves as a control during inflation period?
  • A. increase in personal income tax
  • B. increase in bank rate and interest
  • C. increase in government capital expenditure
  • D. reduction in money supply
  • E. reduction in government recurrent expenditure
View Answer & Discuss NECO 2002
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now