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Economics 2004 NECO Past Questions

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31
Points outside the production possibility curves shows
  • A. unequal allocation of resources among factors
  • B. capital production level
  • C. under utilization of resources
  • D. unattainable production level
  • E. effective consummation of resources
View Answer & Discuss NECO 2004
32
Which of the following factors will NOT affect supply of maize in Nigeria?
  • A. Extension services to farmers
  • B. Improve technology
  • C. Price of maize
  • D. Quantity of wheat produced
  • E. Weather and climatic condition
View Answer & Discuss NECO 2004
33
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
  • A. average utility
  • B. marginal cost
  • C. marginal product
  • D. marginal utility
  • E. total utility
View Answer & Discuss NECO 2004
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34
Which of the following is NOT a problem of population census in Nigeria?
  • A. inadequate transportation
  • B. High birth rate
  • C. High cost
  • D. Mass illiteracy
  • E. Political interest
View Answer & Discuss (3) NECO 2004
35
A negative effect of the discovery of petroleum on the Nigerian economy is
  • A. conversion of the economy into a mono product type
  • B. development of infrastructures
  • C. encouragement of international recognition
  • D. provision of job opportunities
  • E. rapid industrialization
View Answer & Discuss NECO 2004
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