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Economics 2009 NECO Past Questions

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16
The following are the differences between domestic and international trade EXCEPT
  • A. cultural differences
  • B. currency
  • C. land
  • D. language
  • E. laws
View Answer & Discuss NECO 2009
17
Which of the following is NOT an advantage of tabular presentation of data?
  • A. Enables easy location of required figures
  • B. Helps to calculate derived quantities
  • C. Makes for easy comparison of figures
  • D. Occupies more space than mathematical equation
  • E. Shows whether the figures are increasing or decreasing
View Answer & Discuss NECO 2009
18

Average total cost can be expressed as

  • A. average fixed cost plus average variable cost
  • B. change in total cost divided by change in output
  • C. total cost divided by total output
  • D. total fixed cost plus total variable cost
  • E. total variable cost divided by total output
View Answer & Discuss (4) NECO 2009
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19

The mean of the following scores

30, 32, 34, 36, 38, 40 and 42

What is the mean deviation?

  • A. 4.21
  • B. 3.24
  • C. 3.42
  • D. 4.54
View Answer & Discuss (1) NECO 2009
20
The value of money is affected by
  • A. consumer’s income
  • B. effective demand
  • C. effective supply
  • D. equilibrium price
  • E. general price level
View Answer & Discuss NECO 2009
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