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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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2136
A group of firm producing similar commodities for the same market constitute
  • A. a cartel
  • B. an industry
  • C. a co-operative
  • D. wholesaler
View Answer & Discuss WAEC 2005
2137
a factor that has slowed down the rate of industrial development in West Africa is
  • A. inadequate technology
  • B. increasing rate of manpower production
  • C. increased demand for local goods
  • D. intervention of the government in business activities
View Answer & Discuss (1) WAEC 2005
2138
To achieve an equilibrium position, the consumer must buy so much of each commodity whose price is equal to its
  • A. marginal utility
  • B. total utility
  • C. average utility
  • D. variable utility
View Answer & Discuss WAEC 2005
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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2139
Price control refers to
  • A. the way of making more goods available in the market
  • B. a policy of ensuring stable price in the market
  • C. a general reduction in the price level
  • D. effective working of the forces of demand and supply
View Answer & Discuss WAEC 2005
2140
The desire for goods without the ability to pay is called
  • A. choice
  • B. effective demand
  • C. joint demand
  • D. wants
View Answer & Discuss WAEC 2005
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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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