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NECO Economics Questions in addition to Answers 2020. I is going to be demonstrating past Economics objective and idea repetitive questions for free in this kind of post. You will likewise understand how NECO Economics questions are fixed plus how to answer these individuals.
NECO Economics Objectives in addition to Article answers 2020
Typically the issues beneath are often the NECO 2020 Economics Exercise Questions. Experience them together with be ready to credit score high in your NECO 2020 Economics Examination.
just one. Advancements outside a chosen firm which will reduce often the firm’s costs are known as
A. internal economics
W. alternative economics
C. external diseconomies
D. optimum results
REPLY: B (external economics)
two. If at
neco expo per kg, 1000kg of yam were purchased, typically the resulting point elasticity associated with need is
A. zero. 33
B. 0. 0001
REMEDY: C (1)
3. A good situation in which almost all inputs are doubled and output also doubles is known as
A. constant proportions
T. increasing returns to level
C. constant returns
Deb. constant returns to scale.