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1911
An association of workers in a particular industry, firm or line of job is called
  • A. Trade union
  • B. Trade association
  • C. Chamber of commerce
  • D. Assembly of workers
View Answer & Discuss WAEC 2000
1912
Average Variable Cost (AVC) curve
  • A. is U-shaped
  • B. rises from left to right
  • C. Slopes upwards
  • D. is horizontal to the X-axis
View Answer & Discuss WAEC 2000
1913
The income elasticity of a normal goods is
  • A. positive
  • B. negative
  • C. zero
  • D. fixed
View Answer & Discuss WAEC 2000
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1914
The demand for a commodity that serves two or more purposes is
  • A. competitive demand
  • B. complemetary demand
  • C. composite demand
  • D. derived demand
View Answer & Discuss WAEC 2000
1915
The charging of different prices to different group of buyers for the same goods or services is called
  • A. monopolistic competition
  • B. price determination
  • C. price discrimination
  • D. monopoly
View Answer & Discuss WAEC 2000
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