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4666

In the long-run, a firm must shut down if its average revenue is

  • A. greater than average cost
  • B. equal to the average cost
  • C. equal to the minimum average revenue is
  • D. less than average variable cost
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4667

The act of cultivating land and rearing of animal for man's use is

  • A. forestry
  • B. agriculture
  • C. mono culture
  • D. horticulture
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4668

In the event of bankruptcy, owners of joint-stock companies lose

  • A. both company and private assets
  • B. only the capital invested
  • C. only their dividends
  • D. their private properties
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4669

The main disadvantages of deflationary policies is

  • A. full employment in the country
  • B. increasing cost of living
  • C. unemployment in the country
  • D. improved standard of living
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4670

If government in a fiscal year has its revenue receipts less than the expenditure, such country is having

  • A. deficit budget
  • B. favorable budget
  • C. balanced budget
  • D. surplus budget
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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