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Economics 2009 NECO Past Questions

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26
Oil was first discovered in commercial quantity in ……….. State.
  • A. Amasoma, Bayelsa
  • B. Bonny, Rivers
  • C. Oloibiri, Rivers
  • D. Igbokoda, Ondo
  • E. Warri, Delta
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27
Price elasticity of supply measures the responsiveness of quantity supplied to
  • A. a change in the demand for the product V
  • B. a change in the price of the commodity
  • C. changes in consumers
  • D. changes in prices of other commodities
  • E. changes in suppliers income
View Answer & Discuss NECO 2009
28
Labour force simply means the
  • A. demand and supply of labour
  • B. efficiency of labour
  • C. job seekers
  • D. unemployable population
  • E. working population
View Answer & Discuss NECO 2009
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29
The concentration of firms in one area is referred to as of ……………. industries.
  • A. location
  • B. localization
  • C. multiplication
  • D. proliferation
  • E. pluralization
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30
Disguised unemployment is the same thing as
  • A. residual unemployment
  • B. seasonal unemployment
  • C. structural unemployment
  • D. under-employment
  • E. voluntary unemployment
View Answer & Discuss (1) NECO 2009
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