Neco Economics Past Questions and Answers

Question 186:

• NECO 2007

Branding and packaging of goods Is the function of ____________

A. Brokers
B. Consumers
C. Manufactures
D. Retailers
E. Wholesalers

Question 187:

• NECO 2007

The solution to problem of how to produce in a capitalist economy is solved by ____________

A. Combining aid labour means of production
B. The producers involves
C. Using capital Intensive method of production
D. Using labour intensive method of production
E. Using the method of production with the least cost

Question 188:

• NECO 2007

Which of the following is a condition necessary

A. Few sellers and buyers
B. Free entry and exist
C. Homogeneous goods
D. Lack of preferential treatment
E. Many callers and buyers

Question 189:

• NECO 2007

Economics is regarded as a social science because it ____________

A. Helps people to be acceptable In the society
B. Is associated with social dubs
C. Is used by sociologist
D. Studies human behavior
E. Uses controlled experiment

Question 190:

• NECO 2007

If the price Index of export is 140% and import is 200%, what is ____________

A. 60
B. 70
C. 100
D. 140
E. 280