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Economics Past Questions and Answers

Neco Economics Questions

Question 151:

The formular (N + 1)/2 is used to determine the ____________

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A Mean
B Median
C Mode
D Standard deviation
E Mean deviation

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Question 152:

When the total product starts falling, then the marginal product is ____________

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A Constant
B Increasing
C Maximum
D Negative
E Zero

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Question 153:

The variance of a given set of numbers is defined as the ____________

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A Absolute value of the standard deviation
B Square of the standard deviation
C Square root of the standard deviation
D Square of the mean deviation
E Square root of the mean deviation

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Question 154:

The following can be used to improve a country’s balance of payment EXCEPT

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A Anti-dumping policies
B Decreasing taxation on personal income
C Granting subsidies to export producers
D Increasing import duties
E Removing export duties

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Question 155:

Which of the following is NOT a function of marketing boards in Nigeria?

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A Fixing of prices for farm produce
B Grading of farm produce
C Importation of farm produce
D Marketing of farm produce
E Price stabilization

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