Welcome to Schoolngr.com

Search SchoolNGR

Saturday, 11 July 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 2771:
WAEC 2002
The greatest revenue earning industry in Nigeria is
SchoolNGR Classroom
  • A Construction
  • B Agriculture
  • C Manufacturing
  • D Mining
View Answer & Explanation
Question 2772:
WAEC 2002
A market equilibrium exist when
SchoolNGR Classroom
  • A No buyer goes home empty-handed
  • B Demand and supply are increasing
  • C Demand and supply are equal
  • D The price is fluctuating
View Answer & Explanation
Question 2773:
WAEC 2002
The incidence of an increase in tax on a commodity with perfectly inelastic demand will be on the
SchoolNGR Classroom
  • A Wholesaler
  • B Retailer
  • C Government
  • D Consumer
View Answer & Explanation
Question 2774:
WAEC 2002
Budget surplus implies that
SchoolNGR Classroom
  • A Expenditure equals revenue
  • B Expenditure is less than revenue
  • C Expenditure is greater than taxation
  • D Direct tax is more than indirect tax
View Answer & Explanation
Question 2775:
WAEC 2002
International trade is based on the law of
SchoolNGR Classroom
  • A Absolute cost advantage
  • B Variable proportion
  • C Comparative cost advantage
  • D Mutual co-operation
View Answer & Explanation

Stay Updated

Follow us on:


Subjects