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Economics Past Questions and Answers

Economics Questions

Question 4276:
NECO 2005
Under perfect competition, a profit maximizing firm will hire labour up to the point where the last unit of labor adds
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  • A As much to TR as to TC
  • B Less to TR as to TC
  • C Less to TC than to TR
  • D More to TC than to TR
  • E More to TR than to T
View Answer & Explanation
Question 4277:
NECO 2005
The use of tax and expenditure policy to regulate the economy is known as ____________
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  • A Deregulation
  • B Fiscal policy
  • C Monetary policy
  • D Physical measures
  • E Structural adjustment
View Answer & Explanation
Question 4278:
NECO 2005
If the population of a school is 600 and 60% are In JSS, how many students are in SSS?
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  • A 204
  • B 224
  • C 240
  • D 244
  • E 248
View Answer & Explanation
Question 4279:
NECO 2005
Which of the following is NOT associated with minimum price legislation?
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  • A Black market
  • B Excess demand
  • C Excess supply
  • D Unattainable equilibrium
  • E Unemployment
View Answer & Explanation
Question 4280:
NECO 2005
The following are problems of development planning in Nigeria EXCEPT
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  • A Death of skilled manpower
  • B Inadequate capital
  • C Inadequate statistical data
  • D Poor implementation of economic planning
  • E Under-population
View Answer & Explanation

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