NECO Economics Questions and Replies 2020 (Theory and Objectives)

NECO Economics Questions and Replies 2020 (Theory and Objectives)

NECO Economics Questions plus Answers 2020. 2020 neco expo will definitely be showing you past Economics objective plus concept repeated questions at no cost in this kind of post. You will as well understand how NECO Economics questions are arranged plus how to answer these individuals.

NECO Economics Objectives plus Essay answers 2020Typically the queries down below are the NECO 2020 Economics Process Questions. Proceed through them in addition to be ready to rating high in your NECO 2020 Economics Examination.

a single. Innovations outside a chosen firm which usually reduce the particular firm’s costs areThe. internal economicsM. exterior economicsC. outside diseconomiesD. optimum results

ANSWER: B (external economics)

a couple of. If at 10K every kg, 1000kg regarding sweet potato were purchased, this resultant point elasticity involving demand isA. 0. thirty-threeB. 0. 0001C. 1D. 10000

REMEDY: C (1)

a few. The situation in which almost all inputs are doubled plus output also doubles is termedA. constant proportionsM. increasing returns to rangeC. constant returnsG. constant returns to level.