NECO Economics THEORY Questions
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(1) The table below shows a hypothetical five year growth in population.4rm Loadedcity.net
Years:- 2000 , 2001 , 2002 , 2003 , 2004
Population in thousands: 45 , 60 , 70 , 80 , 105
Working Populations in thousand: 20 , 35 , 43 , 60 ,78
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A)Determine the population growth rate in 2001 , 2003 and 2004
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B)Determine the working population from 2000 to 2004 4rm Loadedcity.net
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C)Explain 3 factors that can stimulate increase in population
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No3) What is production
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3B) list five and explain roles of entrepreneurship in production
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4)distinguish in five ways betw proprietorship and partnership. 4rm Loadedcity.net
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5)write short notes on
a)labour market
b)Efficiency of labour
C) Supply of labour
d)Mobility of labour
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6) List & Explain 5 factors that bank consider before granting loan to customers
4rm Loadedcity.net
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7a)Distinguish btw internal and External trade.
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7b)Lst five problems of international trade.
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9a) what is monopolised competition?4rm Loadedcity.net
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9b) five features of monopolised comp.
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No.8
List and explain d factors affecting d elasticity of demand4rm Loadedcity.net
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10a) what is opportunity cost?
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10b)explain d relevance of Oppose to an individual and get
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11)Define trade by barter.
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11b)explain d problems associated with trade by barter.4rm Loadedcity.net
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