NECO Past Questions and Answers - Page 214

1,066.

In International trade, when payments of a country are higher than the receipts, then the balance of payment is

A.

Favourable

B.

In equilibrium

C.

Perfect

D.

Unfavourable

E.

Uniform

Correct answer is D

No explanation has been provided for this answer.

1,067.

The basic economics problem of what to produce arises as a result of

A.

Competing demands for scarce resources

B.

Excessive supply

C.

The availability of too many experts

D.

The failure of the price system

E.

The reduction of poverty

Correct answer is A

No explanation has been provided for this answer.

1,068.

The main industrial cities in Nigeria are

A.

Ikeja, Kano, Onitsha and Port-Harcourt

B.

Kaduna, Dutse, Ogbomoso and Calabar

C.

Kano, Ilesa, Vadeikya and Afikpo

D.

Maiduguri, Ikote Ekiti, Moniya and Akungba

E.

Mokwa, Ijebu-ode, Warri and Gummel

Correct answer is A

No explanation has been provided for this answer.

1,069.

Demand for labour depends on the following factors EXCEPT

A.

Number of industries/enterprises

B.

Nature of industries/business enterprises

C.

Price of labour

D.

Demand for labour output and prices

E.

The period of training

Correct answer is E

No explanation has been provided for this answer.

1,070.

The frequency of a body executing simple harmonic motion when left undisturbed is known as__________ frequency.

A.

damped

B.

forced

C.

free

D.

natural

E.

sinusoidal

Correct answer is D

No explanation has been provided for this answer.