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Tuesday, 10 March 2026
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Economics Past Questions and Answers

Neco Economics Questions

Question 211:
Which of the following is an advantage of free enterprise economy?
  • A Allocates resources better
  • B Avoids extreme Inequality of income
  • C Full employment
  • D It is very competent In providing vital social services
  • E No need of employing a host of officials to allocate resources
View Answer & Explanation
Question 212:
A tax system in which the rich pays a higher percentage income as tax than the poor is known as ____________
  • A Capital gains tax
  • B Progressive taxation
  • C Proportional taxation
  • D Regressive taxation
  • E Sales tax
View Answer & Explanation
Question 213:
Population density refers to ____________
  • A Total population
  • B The total population divided by the total area of land
  • C The total area of land divided by the total population
  • D The population ratio of male and female
  • E Optimum Population level
View Answer & Explanation
Question 214:
Unemployment resulting from physical or mental deficiency is known as ____________ unemployment.
  • A Cyclical
  • B Disguised
  • C Frictional
  • D Residual
  • E Voluntary
View Answer & Explanation
Question 215:
At the point where total utility begins to decline MU is ____________
  • A Constant
  • B Decreasing
  • C Increasing
  • D Negative
  • E Zero
View Answer & Explanation