by Sunday | May 5 | Economics NECO
A. GNP- working age population B. GNP- real national income C. GNP- total capital expenditure D. GNP- dependency ratio E. GNP- population Correct Answer: Option E = GNP – population
by Sunday | May 5 | Economics NECO
A. Rev Thomas Mathus B. Lord John Mynard Keynes C. Prof Adam Smith D. R G Lipsey E. Prof Umar SI Correct Answer: Option B – Lord John Mynard Keynes Explanation: The theory of determination of national income is concerned with finding out the equilibrium level of...
by Sunday | May 5 | Economics NECO
A. N10 B. N20 C. N30 D. N40 E. N50 Correct Answer: Option A = N10 Explanation Money cost is the cost of acquiring a product or service in available cash. N10 is the money cost.
by Sunday | May 5 | Economics NECO
A. Easy management and less administrative cost B. large firm suffers from bureaucracy or red tapism C. less personal relationship between management and employees D. Motivation may be lacking in the large firm E. slow response to changes Correct Answer: Option A...
by Sunday | May 5 | Economics NECO
A. make few people rich in the country B. raise revenue for the government C. redistribution of income D. reduces production and consumption of harmful goods E. used as anti-inflationary device Correct Answer: Option D – reduces production and consumption of...
by Sunday | May 5 | Economics NECO
A. directing market specialist to fix prices B. interplay of either demand or supply C. producers are prices givers D. regulating the price system by the government E. the use of market forces Correct Answer: Option A – directing market specialist to fix...
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