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1721
Where is the headquarter of the African Development Bank (ADB) located?
  • A. Lome
  • B. Adis Ababa
  • C. Accra
  • D. Lagos
  • E. Abdijan
View Answer & Discuss WAEC 1995
1722
International trade takes place because of difference in
  • A. production cost
  • B. language
  • C. government policy
  • D. currency
  • E. international boundary
View Answer & Discuss WAEC 1995
1723
The ranking of a consumer’s need in order of importance is termed
  • A. An opportunity cost
  • B. Economies of scale
  • C. A scale of preference
  • D. The making of choice
  • E. Direct production
View Answer & Discuss WAEC 1996
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1724
If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is
  • A. 0.025
  • B. 0.24
  • C. 0.22
  • D. 0.25
  • E. 0.23
View Answer & Discuss (1) WAEC 1996
1725
If as a result of fall in price of the commodity X, the quantity demanded of commodity Y falls, then commodities X and Y are
  • A. complementary
  • B. in joint demand
  • C. luxuries
  • D. in composite demand
  • E. substitutes
View Answer & Discuss (4) WAEC 1996
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts