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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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3161
The following can be used to improve a country’s balance of payment EXCEPT
  • A. anti-dumping policies
  • B. decreasing taxation on personal income
  • C. granting subsidies to export producers
  • D. increasing import duties
  • E. removing export duties
View Answer & Discuss (2) NECO 2005
3162
Which of the following is NOT a function of marketing boards in Nigeria?
  • A. Fixing of prices for farm produce
  • B. Grading of farm produce
  • C. Importation of farm produce
  • D. Marketing of farm produce
  • E. Price stabilization
View Answer & Discuss NECO 2005
3163
The trade-off between two commodities along the Production Possibility Curve (PPC) shows
  • A. opportunity cost principle
  • B. scarcity principle
  • C. transferable output
  • D. unattainable combination
  • E. under utilization of resources
View Answer & Discuss (3) NECO 2005
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3164
Economic problem arises as a result of
  • A. choice
  • B. money cost
  • C. opportunity cost
  • D. scarcity
  • E. scale of preference
View Answer & Discuss NECO 2005
3165
When an increase in the price of a commodity lead to a fall In the demand for aNOTher, the demand for the two commodities are said to be
  • A. abnormal
  • B. competitive
  • C. composite
  • D. derived
  • E. joint
View Answer & Discuss NECO 2005
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