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Economics Past Questions and Answers

Neco Economics Questions

Question 71:
NECO 2003
ECOWAS Visa lasts for ____________
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  • A 14 days
  • B 30 days
  • C 60 days
  • D 90 days
  • E 100 days
View Answer & Explanation
Question 72:
NECO 2003
Which of the following is NOT a sources of national income statistics?
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  • A Foreign trade figure
  • B Pay-rolls of various establishment
  • C Income tax return
  • D Economic surveys
  • E Level of infrastructural development
View Answer & Explanation
Question 73:
NECO 2003
Which of the following is a characteristic of private enterprises?
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  • A Business risks are borne by the buyers
  • B Capital is provided by the public
  • C Control and management of the business is in the hands of customer
  • D The business is owned and run by government
  • E The main aim of setting up the business is to maximize profit
View Answer & Explanation
Question 74:
NECO 2003
Averages cost (AC) equal to ____________
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  • A ACTC
  • B TCAC
  • C TCAVC
  • D TCMC
  • E TCQ
View Answer & Explanation
Question 75:
NECO 2003
An economy is described as spend-rift if it ____________
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  • A Does not concern itself with savings and investment
  • B Has a great ability to generate foreign exchange from investment
  • C Has greater opportunity to receive large income from investment
  • D Invests in income generating industries
  • E Has trade connection with other countries
View Answer & Explanation

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