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NECO Economics Questions and Responses 2020 (Theory and Objectives)

NECO Economics Questions plus Answers 2020. neco runz will definitely be showing you past Economics objective together with theory recurring questions free of charge in this post. You will in addition understand how NECO Economics questions are placed and even how to answer all of them.

NECO Economics Objectives and even Dissertation answers 2020
Often the inquiries listed below are the NECO 2020 Economics Practice Questions. Undergo them plus be ready to scores high in your NECO 2020 Economics Examination.

a single. Developments outside a taking into account firm which often reduce the firm’s costs are called
A new. internal economics
W. external economics
C. additional diseconomies
D. optimum results

RESPONSE: B (external economics)

a couple of. If at 10K per kg, 1000kg connected with yam were purchased, often the resulting point elasticity involving require is
A. zero. 33
B. 0. 0001
Chemical. 1
D. ten thousand

ANSWER: C (1)

three or more. The situation in which almost all inputs are doubled and output also doubles is termed
A. constant proportions
M. increasing returns to size
C. constant returns
M. constant returns to degree.
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