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1551
Which of the following functions do retailers perform in an economy?
  • A. Production
  • B. Exchange
  • C. Hoarding
  • D. Distribution
  • E. Investment
View Answer & Discuss WAEC 1991
1552
A movement along the demand curve for some goods may be caused by a change in
  • A. consumer income
  • B. the price of goods
  • C. consumers taste
  • D. the price of other goods
  • E. population
View Answer & Discuss WAEC 1991
1553
which of the following item is not included in measuring national income by the income approach?
  • A. Wages and salaries of public servants
  • B. Student's grants and scholarships
  • C. Profits of companies
  • D. Income earned by self-employed persons such as lawyers
  • E. Rents on property
View Answer & Discuss WAEC 1991
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1554
if an economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvement in labour ans capital combined, the balance of 3% is usually attributed to
  • A. land and enterprenuer
  • B. abundance of natural resources
  • C. level of human capital
  • D. technical progress and related factors
  • E. discipline in political leadership
View Answer & Discuss (1) WAEC 1991
1555
A government treasury bill is a form of debt instrument which falls due for repayment after
  • A. 3 months
  • B. 9 months
  • C. 2 years
  • D. 5 years
  • E. 10 or more years
View Answer & Discuss WAEC 1991
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