NECO Past Questions and Answers - Page 216

1,076.

Which of the following factors will NOT affect supply of maize in Nigeria?

A.

Extension services to farmers

B.

Improve technology

C.

Price of maize

D.

Quantity of wheat produced

E.

Weather and climatic condition

Correct answer is D

No explanation has been provided for this answer.

1,077.

Points outside the production possibility curves shows

A.

Unequal allocation of resources among factors

B.

Capital production level

C.

Under utilization of resources

D.

Unattainable production level

E.

Effective consummation of resources

Correct answer is D

No explanation has been provided for this answer.

1,078.

All the following are the objectives of economic planning EXCEPT to

A.

Reduce the rate of inflation and achieve stable value for the naira

B.

Encourage inflow of public and private capital

C.

Evolve a sequential political transition and enthronement of popular government

D.

Reduce economic dependence on foreign nations

E.

Achieve full employment

Correct answer is C

No explanation has been provided for this answer.

1,079.

A firm with a total of 54 employees produced 108 tonnes of toilet tissues in 3months. What is the average production per employee?

A.

0.02 tonnes

B.

0.2 tonnes

C.

2 tonnes

D.

20 tonnes

E.

200 tonnes

Correct answer is C

No explanation has been provided for this answer.

1,080.

A one-man business is controlled by

A.

An active partner

B.

Board of trustees

C.

Board of directors

D.

Dormant partner

E.

The owner

Correct answer is E

No explanation has been provided for this answer.