NECO Economics Questions and Solutions 2020 (Theory and Objectives)

NECO Economics Questions and Solutions 2020 (Theory and Objectives)

NECO Economics Questions together with Answers 2020. I can be demonstrating past Economics objective and principle recurring questions for free in this post. You will also understand how NECO Economics questions are placed and even how to answer these people.

2020 neco expo plus Composition answers 2020The particular issues down below are this NECO 2020 Economics Practice Questions. Go through them together with be ready to report high in your NECO 2020 Economics Examination.

one. Advancements outside a taking into account firm which often reduce often the firm’s costs these are known asA. internal economicsM. additional economicsC. outside diseconomiesD. optimum results

SOLUTION: B (external economics)

2. If at 10K per kg, 1000kg of yam were purchased, the particular resultant point elasticity associated with demand isA. 0. thirty-threeB. 0. 0001Chemical. 1D. ten thousand

REPLY: C (1)

3. A situation in which just about all inputs are doubled together with output also doubles is referred to asA. constant proportionsM. increasing returns to scaleC. constant returnsDeb. constant returns to degree.