NECO Economics Questions and Replies 2020 (Theory and Objectives)

NECO Economics Questions and Replies 2020 (Theory and Objectives)

NECO Economics Questions together with Answers 2020. I will definitely be demonstrating past Economics objective in addition to principle repeated questions at no cost in this post. You will also understand how NECO Economics questions are placed and how to answer them all.

NECO Economics Objectives plus Dissertation answers 2020This questions under are the particular NECO 2020 Economics Process Questions. Proceed through them plus be ready to report high in your NECO 2020 Economics Examination.

one. Advancements outside a particular firm which reduce typically the firm’s costs are known asA good. internal economicsW. external economicsC. external diseconomiesD. optimum results

REPLY: B (external economics)

3. If at 10K each kg, 1000kg associated with yam were purchased, often the resultant point elasticity associated with requirement isA. zero. thirty-threeB. 0. 0001C. 1D. ten thousand

RESPOND TO: C (1)

3. neco runs in which most inputs are doubled and even output also doubles is termedA. constant proportionsT. increasing returns to scaleC. constant returnsD. constant returns to scale.