NECO offline past questions - All questions, answers & explanations in one app 25712
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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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106
Nigeria earns the major part of her foreign exchange from the export of?
  • A. manpower to another countries
  • B. crude oil
  • C. petroleum products
  • D. groundnuts and cotton
  • E. palm oil and cocoa
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107
Which would you NOT consider an advantage of one-man business?
  • A. freedom of action
  • B. limited liabiities
  • C. Quick decision-making
  • D. Personal contact with customers
  • E. none o the albove
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108
The budget of Nigeria will be deficit if
  • A. revenue expenditure exceeds the revenue receipts
  • B. capital expenditure exceeds the capital receipts
  • C. revenue and capital receipts exceeds revenue and capital receipts
  • D. the government is spending more than its receipts
  • E. all of the above
View Answer & Discuss (5) JAMB 1980
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO offline past questions - All questions, answers & explanations in one app 25712
109
An economic problem arises when?
  • A. manufactured goods are in short supply
  • B. money is in short supply
  • C. buyers are many
  • D. sellers are few
  • E. scarcity and choice are involved
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110
By subsistence production we mean?
  • A. goods and services are produced for consumption only
  • B. goods and services are sold to others
  • C. raw materials are produced in the country
  • D. goods and services are produced for the market
  • E. none of these
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