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1431
in any economic system , which of the following is not an economic problem?
  • A. what goods and services to produce
  • B. for whom to produce goods or services
  • C. what techniques of production to be adopted
  • D. equal distribution of goods and services
  • E. how to ensure that the economy grow over time
View Answer & Discuss (2) WAEC 1988
1432
In which of the following economics system is the consumer referred to as ‘The King’?
  • A. Planned economy
  • B. Mixed economy
  • C. Traditional economy
  • D. Free Market economy
  • E. Socialist economy
View Answer & Discuss WAEC 1988
1433
Into which of these organization would you classify the International Monetary Fund (IMF) ?
  • A. Political organization
  • B. Trade organization
  • C. Financial organization
  • D. Social organization
  • E. Commercial organization
View Answer & Discuss (3) WAEC 1988
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1434
A normal demand curve is
  • A. Is concave to the point of origin
  • B. Is convex to the point of origin
  • C. Is parallel to X axis
  • D. Is parallel to Y axis
  • E. Slopes upwards from left to right
View Answer & Discuss (7) WAEC 1988
1435
A demand schedule is
  • A. A table containing the price of goods
  • B. A table showing the relationship between price and quantity demanded of a commodity
  • C. A table showing the consumer demand on order of importance
  • D. The quantity of goods the consumer is prepared to buy
  • E. The market demand
View Answer & Discuss WAEC 1988
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