Neco Economics 2009 Past Questions and Answers

Question 36:

• NECO 2009

In a given set of data, if the variance is 25, what is the standard deviation?

A. 45
B. 5
C. 55
D. 10
E. 12

Question 37:

• NECO 2009

A production possibility curve shows the ____________

A. Resources used to produce a particular commodity
B. Possible combinations of two commodities
C. Rate of inflation
D. Rate of unemployment in the country
E. Tabular illustration of production possibilities

Question 38:

• NECO 2009

A production possibility curve shows the ____________

A. Resources used to produce a particular commodity
B. Possible combinations of two commodities
C. Rate of inflation
D. Rate of unemployment in the country
E. Tabular illustration of production possibilities

Question 39:

• NECO 2009

One of the roles of industrialization in economic development of Nigeria is ____________

A. Employment generation
B. Environmental pollution
C. Target of enemy’s attack
D. Unemployment
E. Uneven development

Question 40:

• NECO 2009

Which of the following hinder(s) effective distribution of goods in Nigeria?

A. Branding and packaging of goods
B. Good transportation network
C. Large quantity of goods
D. Numerous middlemen
E. Warehousing facilities