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1426

The World Trade Organization is responsible for

  • A. stabilizing and harmonization oil prices
  • B. ensuring equal participation of countries in trade
  • C. modernising world economies
  • D. minimizing obstacles to international trade and investment
View Answer & Discuss JAMB 2011
1427

'Economics is a science which studies human behaviours as a relationship between ends and scarce means which have alternative uses. 'Ends' her refers to

  • A. resource
  • B. wants
  • C. choice
  • D. output
  • E. factors
View Answer & Discuss (9) WAEC 1988
1428
A review of occupational distribution of population from time to time helps us to know the
  • A. rate of which the population grows
  • B. number of people that makes up the labour force
  • C. efficiency of the working population
  • D. industries which are becoming less important
  • E. number of people that are bot employed
View Answer & Discuss (4) WAEC 1988
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1429
The price of a commodity is determined by the
  • A. supplier
  • B. consumer
  • C. quantity of goods demanded
  • D. quantity of goods supplied
  • E. interaction of demand and supply
View Answer & Discuss (5) WAEC 1988
1430
The equilibrium position of a firm is attained
  • A. when MC = AR
  • B. when MC = PC
  • C. when MC = MR
  • D. when AC = AR
  • E. when AR = MR
View Answer & Discuss WAEC 1988
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