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NECO Economics Questions and Responses 2020 (Theory and Objectives)

NECO Economics Questions and Answers 2020. I is going to be showing you past Economics objective plus concept frequent questions totally free in this particular post. You will furthermore understand how NECO Economics questions are arranged and even how to answer these individuals.

NECO Economics Objectives in addition to Essay answers 2020
This issues beneath are often the NECO 2020 Economics Training Questions. Move through them together with be ready to score high in your NECO 2020 Economics Examination.

a single. neco runs outside a chosen firm which will reduce often the firm’s costs are known as
A good. internal economics
B. additional economics
C. alternative diseconomies
D. optimum effects

RESPONSE: B (external economics)

a couple of. If at 10K per kg, 1000kg regarding sweet potato were purchased, this resultant point elasticity involving demand is
A. 0. 33
B. 0. 0001
C. 1
D. ten thousand

REPLY: C (1)

a few. Some sort of situation in which all of inputs are doubled and even output also doubles is called
A. constant proportions
B. increasing returns to range
C. constant returns
D. constant returns to size.

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