WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
  1. Home
  2. Classroom
  3. Economics
  4. WAEC 1998

Economics 1998 WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
6
An ?exceptional demand is one in which
  • A. supplier sells all that he takes to the market
  • B. consumers do not buy from the market
  • C. quantity demanded falls as price falls
  • D. purchase of services and not products is considered
  • E. quantity demanded and price moves in opposite direction
View Answer & Discuss WAEC 1998
7
The equilibrium price of mangoes is N1.00. If the price fall to 50k, there will be
  • A. an excess demand
  • B. an excess supply
  • C. a surplus in the market
  • D. many sellers in the market
  • E. no seller in the market
View Answer & Discuss WAEC 1998
8
The introduction of division of labour in a firm will lead to?
  • A. a fall in output
  • B. a decline in the efficiency of labour
  • C. an increase output
  • D. the separation of ownership from management
  • E. an increase in unit cost
View Answer & Discuss WAEC 1998
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
9
Total cost is the addition of
  • A. real cost and money cost
  • B. price and taxes
  • C. fixed cost and variable cost
  • D. average cost and marginal cost
  • E. cost of raw materials and wages
View Answer & Discuss WAEC 1998
10
Total cost is the addition of
  • A. real cost and money cost
  • B. price and taxes
  • C. fixed cost and variable cost
  • D. average cost and marginal cost
  • E. cost of raw materials and wages
View Answer & Discuss WAEC 1998
Start a Free Practice Test
 
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
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