NECO Economics Questions and Advice 2020 (Theory and Objectives)

NECO Economics Questions and Advice 2020 (Theory and Objectives)

NECO Economics Questions plus Answers 2020. I will definitely be demonstrating past Economics objective in addition to concept repeated questions totally free in that post. You will as well understand how NECO Economics questions are established together with how to answer them all.

NECO Economics Objectives in addition to Essay answers 2020
Typically the queries listed below are the NECO 2020 Economics Process Questions. Proceed through them plus be ready to rating high in your NECO 2020 Economics Examination.

one. Advancements outside a chosen firm which will reduce the firm’s costs are known as
A good. internal economics
W. additional economics
C. alternative diseconomies
D. optimum results

SOLUTION: B (external economics)

3. If at 10K for each kg, 1000kg regarding yam were purchased, the resulting point elasticity of demand is
A. zero. 33
B. 0. 0001
G. 1
D. 10000

REMEDY: C (1)

3. neco expo in which almost all inputs are doubled together with output also doubles is recognized as
A. constant proportions
B. increasing returns to range
C. constant returns
G. constant returns to size.