Eco121 Exam Past Question. Do you need National Open University NOUN Economics Past Questions? Do you want a free copy of this soft file? if yes you are lucky because at the end of this post you will be directed on how to get a copy.
Most Economics students in National Open University in Nigeria do not know that past questions are a necessity while some do not have the luxury of time or are limited in time to go in physical search of Past Questions. That is why we are glad to inform you that we now have up-to-date Noun Economics Past Questions for the first and second semesters are available for download.
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Why you need Eco121 Exam Past Question
Past Questions gives you Pointer to the area of Concentration and it predict the outcome of the upcoming exam question. The importance of these past questions is to know how prepared you are for the examination. It will help you to know how Noun sets their question and how they want it to be answered. Noun itself releases answers to all the past questions available on the platform. Meanwhile, If you treat the past question very well you might come across some questions which will be asked in the Examination you are preparing to write (Repeated or rephrased Questions).
How is Eco121 Exam Past Question Pattern?
We have made it very easy for you. we bring all the questions which is usually in Objectives format. We have put them together but we indicate the specific years of their occurrence. We provide the correct answers in order to save your time. All you need to do is to devote quality time to study the Past Questions and watch yourself change the narrative by scoring better than you expected in the examination.
Sample of Eco121 Exam Past Question
Question MCQ1 : Movement along demand curve is also known as ———Â
Answer: change in quantity demanded
Question MCQ2 : Degree of responsiveness of demand to change in commodity own price is ——–
Answer: price elasticity of demand
Question MCQ3 : The following are determinants of demand elasticity except ——Â
Answer: Level of technology
Question MCQ4 : The amount of satisfaction derive from consumption of a particular commodity is —–
Question MCQ5 : Price fixing in an imperfect competitive setting is done by the ___
Question MCQ6 : Scarce resources and insatiable human wants are the ____ in economic life
Answer: Balance to strike
Question MCQ7 : Human wants are unlimited and ever dynamic due to ever changing _ and needs for _which are limited.
Answer: demands, resources
Question MCQ8 : The rating of goods and services from ____is needed to take a decision of what to produce
Answer: most valued to least valued
Question MCQ9 : Price ceiling is always fixed ———- equilibrium price
Question MCQ10 : Change in demand is also known as ——–
Answer: shift in demand curve