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4661

MPC + MPS equals

  • A. Zero
  • B. Multiplier
  • C. One
  • D. APS
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4662

Producers operating in a free market economy are more efficient as a result of

  • A. the existence of competition
  • B. government regulation of their activities
  • C. the very few number of participants
  • D. the commitment of the shareholders
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4663

In income determination theory, acceleration principles shows that

  • A. investment is the causes, while income is the effects
  • B. income and investment are both effects
  • C. incomes is of on effect on investment
  • D. income and investment are both causes
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4664

The largest component of national income in developing countries consist of

  • A. wages and salaries
  • B. rent
  • C. profit
  • D. profit and rent
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4665

Holding money to take care of contingencies is

  • A. a precautionary motive
  • B. a transactions motive
  • C. an expansionary motive
  • D. a speculative motive
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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 Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now