NECO Past Questions and Answers - Page 204

1,016.

An industry operating in a perfect competitive market situation will maximum profit when

A.

DD = SS

B.

DD < SS

C.

MC > AC

D.

MC < AR

E.

MC = MR

Correct answer is E

No explanation has been provided for this answer.

1,017.

The 2nd National Development plan in Nigeria was between

A.

1962 — 1968

B.

1970 — 1974

C.

1975 — 1980

D.

1980 — 1985

E.

1985 — 1990

Correct answer is B

No explanation has been provided for this answer.

1,018.

An economy in which decision of what to produce is taken partly by private individuals and state is referred to as economy.

A.

Capitalist

B.

Communist

C.

Mixed

D.

Socialist

E.

Welfarist

Correct answer is C

No explanation has been provided for this answer.

1,019.

Persistent fail in the general price level is known as

A.

Deflation

B.

Devaluation

C.

General price Increase

D.

Inflation

E.

Price index

Correct answer is A

No explanation has been provided for this answer.

1,020.

ECOWAS secretariat is located in

A.

Abuja, Nigeria

B.

Accra, Ghana

C.

Conakry, Guinea

D.

Freetown, Sierra Leone

E.

Monrovia, Liberia 

Correct answer is A

No explanation has been provided for this answer.