2003 NECO SSCE Economics Past Questions

2003

Equilibrium prices is

2003

Using functional relationship in economics QX = f (px, po, y, T); po stand for

2003

Which of the following is NOT a function of taxation?

2003

Price legislation means

2003

Which of the following is a motive for holding money?

2003

One of the following is NOT a reason for increase in public expenditure

2003

To finance a deficit balance of payment, a country may decide to

2003

The per capita income is calculated as

2003

The theory of income determination is traced to

2003

Abdul is faced with a choice between buying a new notebook and a pen with ₦10. Since the ₦10 cannot give him both items he decide to buy the notebook. The money cost to him is

2003

Which of the following is NOT an internal dis-economy of scales?

2003

An economic system where both the public and individuals own and control means of production is known as ……… system

2003

The first commercial oil well in Nigeria was discovered in

2003

The demand for a commodity for the sake of what it will yield is

2003

The most generally accepted definition of economics is

2003

A problem of price control is

2003

For a monopolist, the demand curve is

2003

Of what importance is a wholesaler in the chain of distribution?

2003

In a free market economy, wages are determined by

2003

Which of the following is NOT a reason for the absence of an industry in the rural areas?

1 2 3