NECO Economics Questions and Answers 2020 (Theory and Objectives)

NECO Economics Questions and Answers 2020. I will be showing you past Economics objective and theory repeated questions for free in this post. You will also understand how NECO Economics questions are set and how to answer them.

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The National Examinations Council (NECO) is an examination body in Nigeria that conducts the Senior Secondary Certificate Examination and the General Certificate in Education in June/July and December/January respectively.

The questions below are the Neco past questions and answers that will help you in your 2020 Neco Economics Questions.

NECO Economics Objectives and Essay answers 2020

The questions below are the NECO 2020 Economics Practice Questions. Go through them and be ready to score high in your NECO 2020 Economics Examination.

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 (external economics)

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

ANSWER: C (1)

3. A situation in which all inputs are doubled and output also doubles is known as
A. constant proportions
B. increasing returns to scale
C. constant returns
D. constant returns to scale.

ANSWER: D (constant returns to scale)

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Tips on How to Pass NECO Economics Questions

The following tips will help you to pass the upcoming NECO Economics examination.

Have a Target and Work Towards Actualizing it 

You have decided to pass NECO Economics 2020 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 Neco Economics 2020”, that’s not all. You need to plan on how to make it happen. Create a timetable and master plan to achieve your goals.

 Get the Recommended Textbook on Economics for 2020 NECO Examination

Normally, Neco recommends books for the examination. Apart from NECO Literature 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.

 Do not Skip Economics Examples and Exercise you Will Come Across While Reading: 

Many candidates are fond of skipping exercises and even examples while studying textbooks. In fact, we like notebooks so much that we could ask, “can I read my notebook and pass NECO Economics 2020?” Don’t be scared of attempting exercises in Economics. Face the challenges.

Note: The above questions are likely NECO Economics Questions and Answers, not the real questions

If you have any question about the NECO Economics Questions and Answers 2020, kindly drop your question in the comment box.

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