NECO Economics Questions and Answers 2020 (Theory and Objectives)

NECO Economics Questions plus Answers 2020. I is going to be demonstrating past Economics objective and even theory duplicated questions free of charge in that post. You will furthermore understand how NECO Economics questions are set in addition to how to answer all of them.

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The particular queries under are often the NECO 2020 Economics Exercise Questions. Move through them and be ready to scores high in your NECO 2020 Economics Examination.

one. Trends outside a given firm which often reduce the firm’s costs are called
Some sort of. internal economics
W. outside economics
C. additional diseconomies
D. optimum side effects

RESPONSE: B (external economics)

2. If at 10K for every kg, 1000kg of yam were purchased, typically the resultant point elasticity connected with require is
A. zero. thirty-three
B. 0. 0001
D. 1
D. 10000


4. The situation in which most inputs are doubled and output also doubles is referred to as
A. constant proportions
T. increasing returns to degree
C. constant returns
M. constant returns to level.