NECO Economics Questions and Answers 2020/2021 Objectives/Essay | Check Answers

Sure NECO Economics Questions and Answers 2020 Objectives and Essay. See NECO economics expo now.

We have made available to candidates sitting for NECO  Economics Exams and are now online searching for Economics  NECO Questions and Answers. Check also, for practice purposes, some Past NECO Economics Questions with Solutions that will guide you during the exams.

NECO Economics

 

NECO 2020 Economics Objectives Questions and Answers 

The National Examination Council is Responsible for the Setting and marking of the NECO Examination. Due to this fact, We advise all the candidates that registered for the NECO Exam to beware of people promising to supply the answers during the exam. All the answers to the questions are there with you, there is no other expo.

PAPER I OBJECTIVES

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1. Developments outside a given firm which reduce the firm’s costs are called
A. internal economics
B. external economics
C. external diseconomies
D. optimum effects

ANSWER: B 

2. If at 10K per kg, 1000kg of yam were purchased, the resultant point elasticity of demand is
A. 0.33
B. 0.0001
C. 1
D.10000

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NECO Economics Essay Questions and answers 2020

NECO 2020 Economics Answers and Questions

7a)A tariff is a tax imposed by a government on goods and services imported from other countries that serves to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services

7b)
i )Infant Industries

ii ) National Defense

iii ) Domestic Employment

Iv ) Aggressive Trade Practices

V ) Environmental Concerns

The following has been proving itself very useful in time like this, follow it and passing the NECO Exam can never be a problem to you.

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RECOMMENDED:

 WORK HARD TO ACTUALISE YOUR GOALS: 

You have decided to pass NECO Economics and I am sure of that. Now, the next thing you should do is set targets.

You have told yourself, “I will score A in Economics”, that’s not all. You need to plan on how to make it happen. Create master plan to achieve your goals.

 BUY RECOMMENDED BOOKS: 

Normally, Neco recommends books for the examination. But apart from literature in English where certain novels are compulsory, you are free to use any good Economics textbook to prepare for Neco 2020 exam.

Some textbooks are more difficult to understand. If you have any topic you are finding difficult to understand, then get a textbook that will simplify the topics and make life better for you.

 DON’T SKIP ECONOMICS EXAMPLES AND EXERCISES: 

Many candidates are fond of skipping exercises and even examples while studying textbooks. In fact, “we” loved notebooks so much that we could ask, “can I read my notebook and pass NECO Economics 2019?” Don’t be scared of attempting exercises. Face the challenges.

 SOLVE PROBLEMS IN ECONOMICS PAST QUESTIONS:

This is another factor that affects candidates’ success. Do not read Economics past questions; answer past questions. Ensure to understand and solve each problem. If you find any question difficult while attempting the Economics past questions, then feel free to consult your book for broad knowledge about the topic

 TEST YOURSELF: 

This is very important. Once in awhile, answer full one-year Economics past questions on your own without checking the answers. Then mark to see what you score. With this, your confidence is very sure of 2020.

I hope the NECO Economics Exam will never be a problem for you after going through this wonderful article. Economics Answers and Questions Loading…

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