NECO SSCE - Economics - 2003

In the demographic transition theory, stage II represents a stage where

Awọn alaye Idahun

The per capita income is calculated as

Awọn alaye Idahun

Which of the following is NOT a component of agriculture?

Awọn alaye Idahun

To finance a deficit balance of payment, a country may decide to

Awọn alaye Idahun

In the equation MV = PT; V stand for

Awọn alaye Idahun

Which of the following is true of a perfect market situation?

Awọn alaye Idahun

The first commercial oil well in Nigeria was discovered in

Awọn alaye Idahun

The most generally accepted definition of economics is

Awọn alaye Idahun

Which of the following is a major export crop in Nigeria?

Awọn alaye Idahun

Efficiency of labour implies

Awọn alaye Idahun

The theory of income determination is traced to

Awọn alaye Idahun

Equilibrium prices is

Awọn alaye Idahun

For a monopolist, the demand curve is

Awọn alaye Idahun

Which of the following is NOT a cause of inflation?

Awọn alaye Idahun

The best way of presenting data in tabular form is in

Awọn alaye Idahun

In economics, electricity, water supply, communication networks, road, etc are known as

Awọn alaye Idahun

Price legislation means

Awọn alaye Idahun

An economic system where both the public and individuals own and control means of production is known as ……… system

Awọn alaye Idahun

Using functional relationship in economics QX = f (px, po, y, T); po stand for

Awọn alaye Idahun

The aim of indigenization policy was to

Awọn alaye Idahun

The demand for a commodity for the sake of what it will yield is

Awọn alaye Idahun

ECOWAS Visa lasts for

Awọn alaye Idahun

The central point of the Malthusian theory is that

Awọn alaye Idahun

Which of the following is NOT a function of taxation?

Awọn alaye Idahun

Minimum price control is aimed at

Awọn alaye Idahun

Data presented in a circular chart is known as

Awọn alaye Idahun

Economic growth is the

Awọn alaye Idahun

Total revenue can be obtained by multiplying

Awọn alaye Idahun

The professional that view cost in term of alternatives sacrificed is the

Awọn alaye Idahun

One of the following is NOT a reason for increase in public expenditure

Awọn alaye Idahun

A shift of the demand curve leftward from its original position indicate

Awọn alaye Idahun

Of what importance is a wholesaler in the chain of distribution?

Awọn alaye Idahun

Central bank of Nigerian started operation

Awọn alaye Idahun

Which of the following is NOT a reason for the absence of an industry in the rural areas?

Awọn alaye Idahun

According to the theory of comparative advantages, countries are to specialize based on their

Awọn alaye Idahun

What is meant by utility?

Awọn alaye Idahun

In a free market economy, wages are determined by

Awọn alaye Idahun

A problem of price control is

Awọn alaye Idahun

Averages cost (AC) equal to

Awọn alaye Idahun

In calculating mean one should

Awọn alaye Idahun

Which of the following is a characteristic of private enterprises?

Awọn alaye Idahun

Which of the following is NOT a sources of national income statistics?

Awọn alaye Idahun

An economy is described as spend-rift if it

Awọn alaye Idahun

Which of the following is NOT a factor determining supply?

Awọn alaye Idahun

Which of the following is NOT an internal dis-economy of scales?

Awọn alaye Idahun

A tax system which takes lesser percentage of a tax payers income as his income increase is known as

Awọn alaye Idahun

The law of variable proportion state that if the quantities of variable factor of production are used with fixed factor, after a certain point,

Awọn alaye Idahun

Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is

Awọn alaye Idahun

Which of these is NOT a basic economic problem of society?

Awọn alaye Idahun

Which of the following is a motive for holding money?

Awọn alaye Idahun