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3176
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
  • A. balanced
  • B. deficit
  • C. restricted
  • D. surplus
View Answer & Discuss NECO 2007
3177
Which of the following is an advantage of free enterprise economy?
  • A. Allocates resources better
  • B. Avoids extreme Inequality of income
  • C. Full employment
  • D. It is very competent In providing vital social services
  • E. No need of employing a host of officials to allocate resources
View Answer & Discuss NECO 2007
3178

A tax system in which the rich pay a higher percentage of income as tax than the poor is known as

  • A. capital gains tax
  • B. progressive taxation
  • C. proportional taxation
  • D. regressive taxation
  • E. sales tax
View Answer & Discuss (2) NECO 2007
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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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3179

Population density refers to

  • A. total population
  • B. the total population divided by the total area of land
  • C. the total area of land divided by the total population
  • D. the population ratio of male and female
  • E. optimum Population level
View Answer & Discuss (2) NECO 2007
3180
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
  • A. cyclical
  • B. disguised
  • C. Frictional
  • D. residual
  • E. Voluntary
View Answer & Discuss NECO 2007
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