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2176
Most of the problems of economics arises as a result of
  • A. competing demand for scarce resources
  • B. increase in the demand for more goods and services
  • C. the desire of producers to supply more goods and services
  • D. the need to reduce the level of poverty
View Answer & Discuss WAEC 2006
2177
which of the following tool of economic analysis is used when data contains more than one category?
  • A. Bar charts
  • B. component bar charts
  • C. Graphs
  • D. Symbolical sratement
View Answer & Discuss WAEC 2006
2178
The reward to capital as a factor of production is
  • A. rent
  • B. wage
  • C. interest
  • D. commission
View Answer & Discuss WAEC 2006
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2179
mining is an example of
  • A. tertiary production
  • B. primary production
  • C. secondary production
  • D. advanced production
View Answer & Discuss WAEC 2006
2180
An owner-manager of a firm can also be called
  • A. a shareholder
  • B. an entrepreneur
  • C. an employer
  • D. a chairman
View Answer & Discuss (2) WAEC 2006
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts