NECO Economics Questions in addition to Answers 2020. I will definitely be demonstrating past Economics objective plus concept frequent questions for free in this kind of post. You will in addition understand how NECO Economics questions are arranged in addition to how to answer these people.
NECO Economics Objectives and Article answers 2020
The particular questions below are typically the NECO 2020 Economics Training Questions. Proceed through them in addition to be ready to scores high in your NECO 2020 Economics Examination.
outside a specific firm which will reduce the particular firm’s costs these are known as
A. internal economics
M. alternative economics
C. exterior diseconomies
D. optimum outcomes
REMEDY: B (external economics)
a couple of. If at 10K each kg, 1000kg of yam were purchased, often the resultant point elasticity associated with need is
A. zero. 33
B. 0. 0001
REPLY TO: C (1)
4. A new situation in which just about all inputs are doubled and even output also doubles is called
A. constant proportions
T. increasing returns to scale
C. constant returns
M. constant returns to size.