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Economics 2018 JAMB Past Questions

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26

The money paid per hour for work done is_________

  • A. cost
  • B. salary
  • C. bonus
  • D. wage rate
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27

From the graph above the consumer will attain equilibrium at point_______________

  • A. J
  • B. K
  • C. M
  • D. L
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28

By utility we mean____________

  • A. beneficial
  • B. power of satisfying a want
  • C. advantageous
  • D. consumable
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29

Concentrating industries in one place is advantageous because there are gains in terms of_____________

  • A. cost economies
  • B. economies of scale
  • C. internal economies
  • D. external economies
View Answer & Discuss (6) JAMB 2018
30

The effects on the demand for product A caused by a change in the price of product B is Called____________

  • A. Joint demand
  • B. cross-elasticity of demand
  • C. elasticity of supply
  • D. competitive demand
View Answer & Discuss (9) JAMB 2018
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208