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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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1766
a shift in supply curve to the right will result in a
  • A. fall in both the price and supply
  • B. fall in price but an increase in supply
  • C. rise in both price and supply
  • D. rise in price and fall in supply
  • E. no change in price and supply
View Answer & Discuss (3) WAEC 1997
1767
one of the disadvantages of the division of labour is that it
  • A. saves time
  • B. makes work monotonous
  • C. encourages full utilization of capital
  • D. makes workers skilled at their work
  • E. allows greater use of machinery
View Answer & Discuss WAEC 1997
1768
The value of money is affected by the
  • A. speculative motive
  • B. price level
  • C. transactionary motive
  • D. precautionary motive
  • E. employment level
View Answer & Discuss (1) WAEC 1997
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1769
which of the following is not a problem in the barter economy?
  • A. multiple exchange rate
  • B. indivisibility of goods and services
  • C. double coincidence of wants
  • D. bulkness of commodities
  • E. inflation
View Answer & Discuss WAEC 1997
1770
The optimum population of a country is reached when the
  • A. production of goodsand sevices is less than optimum
  • B. output per head is at its highest with a given volume of resources
  • C. total production increases with a given volume of resources
  • D. national resources increases as population increases
  • E. working population rises at a geometrical rate
View Answer & Discuss WAEC 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts