Neco Economics 2004 Past Questions and Answers

Question 36:

• NECO 2004

Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called ____________

A. Bears
B. Brokers
C. Bulls
D. Jobbers
E. Stags

Question 37:

• NECO 2004

The excess profit made by a firm in a competitive market situation in the short-term is known as ____________

A. Break even
B. Marginal profit
C. Net profit
D. Normal profit
E. Super normal profit

Question 38:

• NECO 2004

The amount of money required for the day-to-day running of a business is known as ____________

A. Economics capital
B. Fixed capital
C. Paid- up capital
D. Reserve capital
E. Working capital

Question 39:

• NECO 2004

Which of the following is NOT a factor to be considered in siting an industry in a particular area?

A. Access to raw material
B. Availability of recreational facilities
C. Market
D. Sources of power
E. Transport facilities