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1201
A distribution is said to be positively skewed if it
  • A. has a long tail to the left
  • B. has a long tail to the right
  • C. is bimodal
  • D. is bell-shaped
View Answer & Discuss (1) JAMB 2006
1202

A decision on input combination solves the economic problem of

  • A. how to produce
  • B. for whom to produce
  • C. when to produce
  • D. what to produce
View Answer & Discuss (4) JAMB 2006
1203
Choice involves opportunity cost because
  • A. goods give different utilities
  • B. available resources are inadequate
  • C. there are many goods to select from
  • D. not all goods have the same price
View Answer & Discuss (2) JAMB 2006
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1204

A characteristic common to partnership and sole proprietorship is

  • A. limited liability
  • B. accessibility to loan
  • C. transferability of shares
  • D. unlimited laibility
View Answer & Discuss (4) JAMB 2006
1205
Nigeria's exports usually comprise
  • A. consumer goods
  • B. capital goods
  • C. intermediate goods
  • D. primary goods
View Answer & Discuss JAMB 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
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now