NECO Economics Past Questions, Answers & Explanations - Economics

Neco Economics Questions

Question 61:

Economic growth is the ____________

Question 62:

In the demographic transition theory, stage II represents a stage where ____________

A Declining birth rates with low death rates lead to little or no population growth
B High birth rate with low death rates lead to no population growth
C There is population growth due to high birth rates and low death rates at that stages
D There is a slow rate of population growth as a result of high birth rate accompanied by high but slightly fluctuating death rate
E There is a very high growth as population as a result of high birth rates accompanied by high but slightly fluctuating death rates

Question 63:

The central point of the Malthusian theory is that ____________

A Everybody should become a farmer
B Government should provide enough accommodation and food
C Increasing population will get enough food
D Population increase in geometric progression while food arithmetic progression
E Wages has nothing to do with cost of living

Question 64:

Which of the following is NOT a factor determining supply?