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Economics 2007 NECO Past Questions

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6
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
  • A. cyclical
  • B. disguised
  • C. Frictional
  • D. residual
  • E. Voluntary
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7
At the point where total utility begins to decline MU is
  • A. constant
  • B. decreasing
  • C. increasing
  • D. negative
  • E. zero
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8
The difference between Gross National Income and Gross Domestic Product is known as
  • A. capital consumption
  • B. debt repayments
  • C. Investment abroad
  • D. net income from abroad
  • E. net saving
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9
In a solo proprietorship, decisions are made by the
  • A. board of directors
  • B. government
  • C. management
  • D. owner
  • E. shareholders
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10
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
  • A. 8
  • B. 10
  • C. 12
  • D. 14
  • E. 30
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