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Economics Past Questions and Answers

Economics Questions

Question 4396:
NECO 2009
The amount of satisfaction per unit of the commodity consumed is called ____________
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  • A Average cost
  • B Average utility
  • C Marginal cost
  • D Marginal utility
  • E Total utility
View Answer & Explanation
Question 4397:
NECO 2009
In a given set of data, if the variance is 25, what is the standard deviation?
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  • A 45
  • B 5
  • C 55
  • D 10
  • E 12
View Answer & Explanation
Question 4398:
NECO 2009
A production possibility curve shows the ____________
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  • A Resources used to produce a particular commodity
  • B Possible combinations of two commodities
  • C Rate of inflation
  • D Rate of unemployment in the country
  • E Tabular illustration of production possibilities
View Answer & Explanation
Question 4399:
NECO 2009
One of the roles of industrialization in economic development of Nigeria is ____________
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  • A Employment generation
  • B Environmental pollution
  • C Target of enemy’s attack
  • D Unemployment
  • E Uneven development
View Answer & Explanation
Question 4400:
NECO 2009
Which of the following hinder(s) effective distribution of goods in Nigeria?
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  • A Branding and packaging of goods
  • B Good transportation network
  • C Large quantity of goods
  • D Numerous middlemen
  • E Warehousing facilities
View Answer & Explanation

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