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Economics 2009 NECO Past Questions

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21
Which of these factors causes a change in the quantity demanded of a commodity?
  • A. Income
  • B. Population
  • C. Price of other commodities
  • D. Price of the commodity concerned
  • E. Taste and fashion
View Answer & Discuss NECO 2009
22
One of the positive contributions of the petroleum industry to Nigeria’s economic development is that it
  • A. creates ecological problems
  • B. creates political unrest
  • C. creates uncertainties in government revenues
  • D. is a major foreign exchange earner
  • E. suppresses agricultural development
View Answer & Discuss NECO 2009
23
The unit for measuring changes in prices and output is called ………………. index
  • A. capital
  • B. expenditure
  • C. income
  • D. money
  • E. price
View Answer & Discuss NECO 2009
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24
A firm is said to be a public joint-stock company when it
  • A. has unlimited liability
  • B. is administered by the public
  • C. is owned by the government
  • D. operates as a public corporation
  • E. sells its shares to members of the public
View Answer & Discuss NECO 2009
25
The growth of a country’s population is affected by
  • A. military might of the country
  • B. number of births per thousand of the population
  • C. number of people willing to be counted
  • D. the amount of money in circulation
  • E. the number of men in the population
View Answer & Discuss (4) NECO 2009
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