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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1706
Which of the following constitute the major components of money supply in a development economy?
  • A. Demand deposits
  • B. Paper money
  • C. Bank drafts
  • D. Coins
  • E. Time deposits
View Answer & Discuss (3) WAEC 1995
1707
A point along a consumer's indifference curve shows
  • A. the difference commodities he can consume
  • B. a combination of all commodities he is willing to buy
  • C. a combination of two commodities from which he derive the same satisfaction
  • D. the quantity of commodities demanded by him
  • E. the difference between quantity supplied and quantity demanded
View Answer & Discuss (1) WAEC 1995
1708
If a monopolist is attempting to maximize profit , which of the following should he attempt to do?
  • A. Equate average cost to average revenue
  • B. Equate marginal cost to marginal revenue
  • C. Equate marginal cost to average revenue
  • D. fix price and output
  • E. Equate price to total cost
View Answer & Discuss WAEC 1995
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1709
The greatest foreign exchange earner for Nigeria before the advent of petroleum was
  • A. mining
  • B. handicraft
  • C. agriculture
  • D. manufacturing
  • E. tourism
View Answer & Discuss WAEC 1995
1710
A budget is define as a
  • A. Summary of expected expenditure by individuals and government
  • B. summary of expected income
  • C. record of value of services rendered in a year
  • D. record of goods produced in a year
  • E. summary of expected income and expenditure
View Answer & Discuss (1) WAEC 1995
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