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Neco Economics Past Questions and Answers

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Neco Economics Past Questions

Question 111:


Points outside the production possibility curves shows ____________

A. Unequal allocation of resources among factors
B. Capital production level
C. Under utilization of resources
D. Unattainable production level
E. Effective consummation of resources


Question 112:


Which of the following factors will NOT affect supply of maize in Nigeria?

A. Extension services to farmers
B. Improve technology
C. Price of maize
D. Quantity of wheat produced
E. Weather and climatic condition


Question 113:


The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as ____________

A. Average utility
B. Marginal cost
C. Marginal product
D. Marginal utility
E. Total utility


Question 114:


Which of the following is NOT a problem of population census in Nigeria?

A. Inadequate transportation
B. High birth rate
C. High cost
D. Mass illiteracy
E. Political interest


Question 115:


A negative effect of the discovery of petroleum on the Nigerian economy is ____________

A. Conversion of the economy into a mono product type
B. Development of infrastructures
C. Encouragement of international recognition
D. Provision of job opportunities
E. Rapid industrialization






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