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Economics Past Questions and Answers

Neco Economics Questions

Question 111:

Points outside the production possibility curves shows ____________

SchoolNGR Classroom

A Unequal allocation of resources among factors
B Capital production level
C Under utilization of resources
D Unattainable production level
E Effective consummation of resources

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Question 112:

Which of the following factors will NOT affect supply of maize in Nigeria?

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A Extension services to farmers
B Improve technology
C Price of maize
D Quantity of wheat produced
E Weather and climatic condition

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Question 113:

The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as ____________

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A Average utility
B Marginal cost
C Marginal product
D Marginal utility
E Total utility

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Question 114:

Which of the following is NOT a problem of population census in Nigeria?

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A Inadequate transportation
B High birth rate
C High cost
D Mass illiteracy
E Political interest

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Question 115:

A negative effect of the discovery of petroleum on the Nigerian economy is ____________

SchoolNGR Classroom

A Conversion of the economy into a mono product type
B Development of infrastructures
C Encouragement of international recognition
D Provision of job opportunities
E Rapid industrialization

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