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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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1216
Minimum wage legislation will result in
  • A. reduced income
  • B. greater supply labour
  • C. reduced labour productivity
  • D. greater demand for labour
View Answer & Discuss JAMB 2006
1217
The term 'oil shock' is used to describe a situation in which
  • A. the demand for oil exceeds its supply
  • B. oil prices have fallen drastically
  • C. the demand for oil is equal to ite supply
  • D. the supply of oil exceeds its demand
View Answer & Discuss JAMB 2006
1218
The major problem of conducing a census in Nigeria is
  • A. inadequate skilled personnel
  • B. financial constraint
  • C. urban congestion
  • D. lack of political will
View Answer & Discuss (3) JAMB 2006
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1219

The marginal productivity theory applies in a

  • A. unionized labour market
  • B. perfectly competitive market
  • C. monopsonistic market only
  • D. monopolistic market only
View Answer & Discuss (3) JAMB 2006
1220
A rising short-run average cost is a result of
  • A. economies of scale
  • B. falling marginal costs
  • C. diminishing returns
  • D. rising fixed costs
View Answer & Discuss (2) JAMB 2006
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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