NECO Economics Past Questions & Answers - Page 12

56.

Which of the following goods are NOT examples of joint supply?

A.

Beef and hides

B.

Fuel and kerosene

C.

Palm oil and kernel

D.

Tea and coffee

E.

Wool and Mutton

Correct answer is D

No explanation has been provided for this answer.

57.

Standard deviation can be determined by the square root of the

A.

Mean

B.

Mean deviation

C.

Mode

D.

Variance

E.

Variance divided by the mean

Correct answer is D

No explanation has been provided for this answer.

58.

The following are types of monopolies EXCEPT 

A.

Cartels

B.

Holding companies

C.

Syndicates

D.

Thrifts

E.

Trusts

Correct answer is D

No explanation has been provided for this answer.

59.

The following are bye-products of crude oil EXCEPT

A.

Bitumen

B.

Kerosene

C.

Paraffin wax

D.

Perfume

E.

Petrol

Correct answer is D

No explanation has been provided for this answer.

60.

The following are the objectives of economic planning EXCEPT

A.

Achieving balanced growth

B.

Diversification of the economy

C.

Creation of more employment opportunities

D.

Equitable allocation of resources

E.

Rapid population growth

Correct answer is E

No explanation has been provided for this answer.