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Economics
NECO 2004
Economics 2004 NECO Past Questions
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36
Demand for labour depends on the following factors EXCEPT
A.
number of industries/enterprises
B.
nature of industries/business enterprises
C.
price of labour
D.
demand for labour output and prices
E.
the period of training
View Answer & Discuss
NECO 2004
37
The main industrial cities in Nigeria are
A.
Ikeja, Kano, Onitsha and Port-Harcourt
B.
Kaduna, Dutse, Ogbomoso a Calabar
C.
Kano, Ilesa, Vadeikya and Afikpo
D.
Maiduguri, Ikote Ekiti, Moniya and Akungba
E.
Mokwa, Ijebu-ode, Warri and Gummel
View Answer & Discuss
NECO 2004
38
The basic economics problem of what to produce arises as a result of
A.
competing demands for scarce resources
B.
excessive supply
C.
the availability of too many experts
D.
the failure of the price system
E.
the reduction of poverty
View Answer & Discuss
NECO 2004
39
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
A.
favourable
B.
in equilibrium
C.
perfect
D.
unfavourable
E.
uniform
View Answer & Discuss (5)
NECO 2004
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