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Economics 2004 NECO Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
16
The decision of whether to use labour or capital intensive techniques in production process is a problem of
  • A. for whom to produce
  • B. how to produce
  • C. resource allocation
  • D. what to produce
  • E. when to produce
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17
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
  • A. motive
  • B. aim
  • C. determination
  • D. self discipline
  • E. none of the above
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18
The indices used to measure the cost of living is
  • A. consumption expenditure
  • B. national income
  • C. per capital income
  • D. price index
  • E. savings and investment
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19
In Economics, want means…………aspiration
  • A. endless
  • B. qualitative
  • C. quantifiable
  • D. satisfied
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20
Which of the following will NOT be a barrier to international trade?
  • A. Communication hindrances
  • B. Easy conversion of currencies
  • C. Geographical locations
  • D. Ideological differences
  • E. Imposition of duties and quotas
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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