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Economics 1995 WAEC Past Questions

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21
At optimum population level, a country has its
  • A. maximum population
  • B. ageing population
  • C. highest birth rate
  • D. highest output per heade
  • E. lowest death rate
View Answer & Discuss (2) WAEC 1995
22

Which of the following does not give a characteristics of money?

  • A. Durable
  • B. Portable
  • C. Divisible into small units
  • D. Generally acceptable
  • E. Medium of exchange
View Answer & Discuss (2) WAEC 1995
23
Which of the following constitute the major components of money supply in a development economy?
  • A. Demand deposits
  • B. Paper money
  • C. Bank drafts
  • D. Coins
  • E. Time deposits
View Answer & Discuss (3) WAEC 1995
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24
A point along a consumer's indifference curve shows
  • A. the difference commodities he can consume
  • B. a combination of all commodities he is willing to buy
  • C. a combination of two commodities from which he derive the same satisfaction
  • D. the quantity of commodities demanded by him
  • E. the difference between quantity supplied and quantity demanded
View Answer & Discuss (1) WAEC 1995
25
If a monopolist is attempting to maximize profit , which of the following should he attempt to do?
  • A. Equate average cost to average revenue
  • B. Equate marginal cost to marginal revenue
  • C. Equate marginal cost to average revenue
  • D. fix price and output
  • E. Equate price to total cost
View Answer & Discuss WAEC 1995
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