2004 NECO SSCE Economics Past Questions

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2004

When total utility is at maximum, then marginal utility is

2004

The assumptions of the principles of comparative cost advantage is based onI. Absence of Trade RestrictionsII. No transport costsIII. Constant technology

2004

To an individual, the term cost will include expenditure on the following EXCEPT

2004

The type of unemployment that evolved the use of machines to replace human labour is known as

2004

The introduction of money into the economy has helped to resolve the following problems EXCEPT

2004

The following are the main problems of distribution of essential commodities in Nigeria EXCEPT

2004

Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called

2004

Which of the following is true about average cost?

2004

The most generally accepted definition of Economics was given by

2004

In a socialist economic system, decisions relating to the fundamental economic problems are taken by

2004

When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A & B is

2004

The decision of whether to use labour or capital intensive techniques in production process is a problem of

2004

Arrangement of wants in order of importance is brought about by

2004

Which of the following is NOT a factor to be considered in siting an industry in a particular area?

2004

The amount of money required for the day-to-day running of a business is known as

2004

The excess profit made by a firm in a competitive market situation in the short-term is known as

2004

Excise duties are taxes levied on

2004

Which of the following will NOT be a barrier to international trade?

2004

In Economics, want means…………aspiration

2004

The indices used to measure the cost of living is

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2004 NECO SSCE Economics Past Questions

When total utility is at maximum, then marginal utility is

The assumptions of the principles of comparative cost advantage is based onI. Absence of Trade RestrictionsII. No transport costsIII. Constant technology

To an individual, the term cost will include expenditure on the following EXCEPT

The type of unemployment that evolved the use of machines to replace human labour is known as

The introduction of money into the economy has helped to resolve the following problems EXCEPT

The following are the main problems of distribution of essential commodities in Nigeria EXCEPT

Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called

Which of the following is true about average cost?

The most generally accepted definition of Economics was given by

In a socialist economic system, decisions relating to the fundamental economic problems are taken by

When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A &amp; B is

The decision of whether to use labour or capital intensive techniques in production process is a problem of

Arrangement of wants in order of importance is brought about by

Which of the following is NOT a factor to be considered in siting an industry in a particular area?

The amount of money required for the day-to-day running of a business is known as

The excess profit made by a firm in a competitive market situation in the short-term is known as

Excise duties are taxes levied on

Which of the following will NOT be a barrier to international trade?

In Economics, want means…………aspiration

The indices used to measure the cost of living is

When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A & B is