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Economics 2002 NECO Past Questions

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41
The demand for labour in an economy is a depiction of
  • A. competitive demand
  • B. Composite demand
  • C. Complementary demand
  • D. Deductive demand
  • E. derived demand
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42
In production, total cost comprises of
  • A. averages cost and marginal cost
  • B. variable cost and averages cost
  • C. variable cost and fixed cost
  • D. marginal cost and variable cost
  • E. fixed cost and averages cost
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43
The 1962-1968 development plan in nigerian failed because of
  • A. absence of indigenous bank
  • B. higher exchange rate
  • C. non availability of finance house
  • D. movement of colonial masters
  • E. over dependency on foreign capital
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44
The main function of retailer in the distribution channel is
  • A. advertising the product on behalf of manufacturers
  • B. bulk breaking
  • C. branding and packaging of good
  • D. direct customer services
  • E. storage facilities for finished products
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