by Sunday | May 5 | Economics NECO
A. absolute cost advantages B. absolute cost disadvantages C. comparative cost advantages D. comparative cost disadvantages E. the availability of labour Correct Answer: Option C – comparative cost advantages Explanation The theory of comparative advantage...
by Sunday | May 5 | Economics NECO
A. cocoa B. coffee C. copper D. kola nut E. soy beans Correct Answer: Option A – cocoa
by Sunday | May 5 | Economics NECO
A. velocity of circulation of money B. velocity of price change C. volume of goods produced D. volume of money E. volume of transaction Correct Answer: Option B – velocity of price change
by Sunday | May 5 | Economics NECO
A. bars and columns B. charts and lines C. maps and rows D. pictographs and histogram E. rows and columns Correct Answer: Option C – maps and rows
by Sunday | May 5 | Economics NECO
A. price = AR=MC=AC B. price = DD = MC = AC C. price = AC = MC = AR D. price = AR = MR = DD E. price = MR but MR < AR Correct Answer: Option A – price = AR=MC=AC
by Sunday | May 5 | Economics NECO
A. accountant B. cashier C. economist D. manager E. tax collector Correct Answer: Option C = economist