Neco Economics Past Questions and Answers

Question 221:

• NECO 2007

Agricultural production in Nigeria could be improved through ____________

A. Control of plant diseases
B. Land Fragmentation
C. Payment of excise duty
D. The introduction of low yielding crops
E. The use of traditional implements

Question 222:

• NECO 2007

Which of these is NOT a bottle neck In the distribution of goods In Nigeria?

A. Adequate transportation network
B. Inadequate credit facilities
C. Inadequate storage facilities
D. Poor processing and packaging
E. Unnecessary hoarding

Question 223:

• NECO 2007

A change in National Income brought about by a given change in investment is ____________

A. APC
B. APS
C. MPC
D. MPS
E. The multiplier

Question 224:

• NECO 2007

If total Income is N15m and total consumption Is N3m. then the average propensity to consume is ____________

A. 0.2
B. 0.6
C. 0.7
D. 5
E. 10

Question 225:

• NECO 2009

The following are the differences between domestic and international trade EXCEPT

A. Cultural differences
B. Currency
C. Land
D. Language
E. Laws