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Economics Past Questions

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1851

The marginal revenue curve of a monopolist is

  • A. upward sloping from the right to left
  • B. downward sloping from left to right
  • C. paralell to the quantity axis
  • D. downward sloping from right to left
View Answer & Discuss (4) WAEC 1999
1852
when all factor inputs are doubled , the production possibly curve will
  • A. shift from left to right and return to its orignal position
  • B. shift from left to right
  • C. remain in its former position
  • D. shift from right to left
View Answer & Discuss WAEC 1999
1853
income elasticity of demand is measurement of the responsiveness of
  • A. price to change in income
  • B. quantity demanded to change in income
  • C. change in expenditure to change in income
  • D. change in expenditure to change in price of the commodity
View Answer & Discuss WAEC 1999
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1854
The establishment of industries in rural areas will help to reduce
  • A. urban-rural migration
  • B. urban-urban migration
  • C. rural-urban migration
  • D. rural-rural migration
View Answer & Discuss WAEC 1999
1855
Government imposes taxes mainly to
  • A. punish the citizens
  • B. provide social amenities
  • C. donates to poorer countries
  • D. execute white elephant projects
View Answer & Discuss WAEC 1999
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