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Economics Past Questions and Answers

Neco Economics Questions

Question 186:

Branding and packaging of goods Is the function of ____________

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A Brokers
B Consumers
C Manufactures
D Retailers
E Wholesalers

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Question 187:

The solution to problem of how to produce in a capitalist economy is solved by ____________

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A Combining aid labour means of production
B The producers involves
C Using capital Intensive method of production
D Using labour intensive method of production
E Using the method of production with the least cost

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Question 188:

Which of the following is a condition necessary

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A Few sellers and buyers
B Free entry and exist
C Homogeneous goods
D Lack of preferential treatment
E Many callers and buyers

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Question 189:

Economics is regarded as a social science because it ____________

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A Helps people to be acceptable In the society
B Is associated with social dubs
C Is used by sociologist
D Studies human behavior
E Uses controlled experiment

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Question 190:

If the price Index of export is 140% and import is 200%, what is ____________

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A 60
B 70
C 100
D 140
E 280

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