Neco Economics 2009 Past Questions and Answers

Question 11:

• NECO 2009

The growth of a country’s population is affected by ____________

A. Military might of the country
B. Number of births per thousand of the population
C. Number of people willing to be counted
D. The amount of money in circulation
E. The number of men in the population

Question 12:

• NECO 2009

Oil was first discovered in commercial quantity in ____________ State.

A. Amasoma, Bayelsa
B. Bonny, Rivers
C. Oloibiri, Rivers
D. Igbokoda, Ondo
E. Warri, Delta

Question 13:

• NECO 2009

Price elasticity of supply measures the responsiveness of quantity supplied to ____________

A. A change in the demand for the product V
B. A change in the price of the commodity
C. Changes in consumers
D. Changes in prices of other commodities
E. Changes in suppliers income

Question 14:

• NECO 2009

Labour force simply means the ____________

A. Demand and supply of labour
B. Efficiency of labour
C. Job seekers
D. Unemployable population
E. Working population

Question 15:

• NECO 2009

The concentration of firms in one area is referred to as of ____________ industries.

A. Location
B. Localization
C. Multiplication
D. Proliferation
E. Pluralization