NECO Past Questions and Answers - Page 158

786.

A body which weighs 50N in air displaces 3.7kg of water when partially immersed in water. Calculate the upthrust on the body?

A.

8.7N

B.

37.0N

C.

87.0N

D.

13.0N

Correct answer is B

Upthrust = Weight or water displaced
= 3.7 x 10 = 37N

787.

The best method of production in an under populated country is

A.

Labour-extensive

B.

Land-intensive

C.

Capital-intensive

D.

Labour-intensive

Correct answer is C

No explanation has been provided for this answer.

788.

If goods P and Q are purchased by a consumer, a fall in the price P with the price Q unchanged will cause the budget line to

A.

Shift parallel inwards

B.

Rotate outwards away from the origin

C.

Rotate inwards towards the origin

D.

Shift parallel outwards

Correct answer is C

No explanation has been provided for this answer.

789.

Inflation is a ……………

A.

General increase in the price of a single product

B.

Period of economic recession

C.

Period of hunger

D.

Period of excessive money

E.

Persistent rise in the general price level

Correct answer is E

No explanation has been provided for this answer.

790.

Entrepreneur is associated more with

A.

Capital management

B.

Production of beverage

C.

Profit making

D.

Profit sharing

E.

Risk bearing

Correct answer is E

No explanation has been provided for this answer.