NECO Economics Past Questions & Answers - Page 43

211.

The best way of presenting data in tabular form is in

A.

Bars and columns

B.

Charts and lines

C.

Maps and rows

D.

Pictographs and histogram

E.

Rows and columns

Correct answer is C

No explanation has been provided for this answer.

212.

Which of the following is true of a perfect market situation?

A.

Price = AR = MC = AC

B.

Price = DD = MC = AC

C.

Price = AC = MC = AR

D.

Price = AR = MR = DD

E.

Price = MR but MR < AR

Correct answer is A

No explanation has been provided for this answer.

213.

The professional that view cost in term of alternatives sacrificed is the

A.

Accountant

B.

Cashier

C.

Economist

D.

Manager

E.

Tax collector

Correct answer is C

No explanation has been provided for this answer.

214.

Which of the following is NOT a component of agriculture?

A.

Crop farming

B.

Drilling

C.

Fishing

D.

Forestry

E.

Livestock farming

Correct answer is B

No explanation has been provided for this answer.

215.

Data presented in a circular chart is known as

A.

Circular chart

B.

Component chart

C.

Histogram

D.

Pictograph

E.

Pie chart

Correct answer is E

No explanation has been provided for this answer.