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Economics Past Questions and Answers

Neco Economics Questions

Question 136:

Which of the following is the correct order in the chain of distribution?

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A Consumer —> Distributor → Retailer → Producer
B Producer → Consumer → Retailer → Wholesaler
C Producer → Wholesaler → Retailer → Consumer
D Retailer → Consumer → Producer → Wholesaler
E Wholesaler → Retailer → Producer → Consume

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Question 137:

The following are rewards for factors of production EXCEPT

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A Interest
B Profit
C Rent
D Subsidy
E Wages

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Question 138:

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

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Question 139:

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

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Question 140:

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

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