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Economics Past Questions and Answers

Neco Economics Questions

Question 221:

Agricultural production in Nigeria could be improved through ____________

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A Control of plant diseases
B Land Fragmentation
C Payment of excise duty
D The introduction of low yielding crops
E The use of traditional implements

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Question 222:

Which of these is NOT a bottle neck In the distribution of goods In Nigeria?

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A Adequate transportation network
B Inadequate credit facilities
C Inadequate storage facilities
D Poor processing and packaging
E Unnecessary hoarding

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Question 223:

A change in National Income brought about by a given change in investment is ____________

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A APC
B APS
C MPC
D MPS
E The multiplier

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Question 224:

If total Income is N15m and total consumption Is N3m. then the average propensity to consume is ____________

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A 0.2
B 0.6
C 0.7
D 5
E 10

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Question 225:

The following are the differences between domestic and international trade EXCEPT

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A Cultural differences
B Currency
C Land
D Language
E Laws

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