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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
3046
Which of the following is a characteristic of private enterprises?
  • A. business risks are borne by the buyers
  • B. capital is provided by the public
  • C. control and management of the business is in the hands of customer
  • D. the business is owned and run by government
  • E. The main aim of setting up the business is to maximize profit
View Answer & Discuss (5) NECO 2003
3047
Averages cost (AC) equal to
  • A. ACTC
  • B. TCAC
  • C. TCAVC
  • D. TCMC
  • E. TCQ
View Answer & Discuss (3) NECO 2003
3048
An economy is described as spend-rift if it
  • A. does not concern itself with savings and investment
  • B. has a great ability to generate foreign exchange from investment
  • C. has greater opportunity to receive large income from investment
  • D. invests in income generating industries
  • E. has trade connection with other countries
View Answer & Discuss NECO 2003
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3049
Data presented in a circular chart is known as
  • A. circular chart
  • B. component chart
  • C. histogram
  • D. pictograph
  • E. pie chart
View Answer & Discuss NECO 2003
3050
Which of the following is NOT a component of agriculture?
  • A. crop farming
  • B. drilling
  • C. fishing
  • D. forestry
  • E. livestock farming
View Answer & Discuss (3) NECO 2003
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