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Economics 2009 NECO Past Questions

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1
The amount of satisfaction per unit of the commodity consumed is called
  • A. average cost
  • B. average utility
  • C. marginal cost
  • D. marginal utility
  • E. total utility
View Answer & Discuss NECO 2009
2
In a given set of data, if the variance is 25, what is the standard deviation?
  • A. 45
  • B. 5
  • C. 55
  • D. 10
  • E. 12
View Answer & Discuss (1) NECO 2009
3
A production possibility curve shows the
  • A. resources used to produce a particular commodity
  • B. possible combinations of two commodities
  • C. rate of inflation
  • D. rate of unemployment in the country
  • E. tabular illustration of production possibilities
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4
One of the roles of industrialization in economic development of Nigeria is
  • A. employment generation
  • B. environmental pollution
  • C. target of enemy’s attack
  • D. unemployment
  • E. uneven development
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5
Which of the following hinder(s) effective distribution of goods in Nigeria?
  • A. Branding and packaging of goods
  • B. Good transportation network
  • C. Large quantity of goods
  • D. numerous middlemen
  • E. Warehousing facilities
View Answer & Discuss NECO 2009
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts