Neco Economics Past Questions and Answers

Question 76:

• NECO 2003

Data presented in a circular chart is known as ____________

A. Circular chart
B. Component chart
C. Histogram
D. Pictograph
E. Pie chart

Question 77:

• NECO 2003

Which of the following is NOT a component of agriculture?

A. Crop farming
B. Drilling
C. Fishing
D. Forestry
E. Livestock farming

Question 78:

• NECO 2003

The professional that view cost in term of alternatives sacrificed is the ____________

A. Accountant
B. Cashier
C. Economist
D. Manager
E. Tax collector

Question 79:

• NECO 2003

Which of the following is true of a perfect market situation?

A. Price = AR=MC=AC
B. Price = DD = MC = AC
C. Price = AC = MC = AR
D. Price = AR = MR = DD
E. Price = MR but MR < AR

Question 80:

• NECO 2003

The best way of presenting data in tabular form is in ____________

A. Bars and columns
B. Charts and lines
C. Maps and rows
D. Pictographs and histogram
E. Rows and columns