Neco Economics Past Questions and Answers

Question 171:

• NECO 2005

In the equation Q = a - bp + e; Q and P are ____________ Variables respectively.

A. Constant and dependent
B. Dependent and independent
C. Error term and independent
D. Independent and constant
E. Independent and dependent

Question 172:

• NECO 2005

ECOWAS secretariat is located in ____________

A. Abuja, Nigeria
B. Accra, Ghana
C. Conakry, Guinea
D. Freetown, Sierra Leone
E. Monrovia, Liberia V

Question 173:

• NECO 2005

Persistent fail In the general price level Is known as ____________

A. Deflation
B. Devaluation
C. General price Increase
D. Inflation
E. Price index

Question 174:

• NECO 2005

An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.

A. Capitalist
B. Communist
C. Mixed
D. Socialist
E. Welfarist

Question 175:

• NECO 2005

The 2nd National Development plan in Nigeria was between ____________

A. 1962 — 1968
B. 1970 — 1974
C. 1975 — 1980
D. 1980 — 1985
E. 1985 — 1990