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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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1731
The natural growth rate of a population is the
  • A. Death rate plus net immigration
  • B. Rate of migration divided by birth rate
  • C. Birth rate minus death rate
  • D. Sum of birth rate and net immigration rate
  • E. Sum of birth rate and death rate
View Answer & Discuss WAEC 1996
1732
Decreasing returns to scale implies ta if all factors of production are doubled, output will be
  • A. More than doubled
  • B. Less than doubled
  • C. Doubled
  • D. Unchanged
  • E. Trebled
View Answer & Discuss WAEC 1996
1733
Rents and interest are rewards to
  • A. Labour and capital respectively
  • B. Land only
  • C. Capital only
  • D. Labour and land respectively
  • E. Land and capital respectively
View Answer & Discuss WAEC 1996
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1734
The process that leads to an agreement on the condition of service between employer and employee is termed
  • A. Salary negotiation
  • B. Arbitration
  • C. Collective bargaining
  • D. Conciliation
  • E. Reconciliation
View Answer & Discuss WAEC 1996
1735
Diminishing return occurs in short run when there is a reduction in the
  • A. Average product of the fixed factor
  • B. Total product of the variable factor
  • C. Total product of the fixed factor
  • D. Marginal product of the variable factor
  • E. Marginal product of the fixed factor
View Answer & Discuss 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
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