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Economics 1999 WAEC Past Questions

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6
The graph of the function X = a + bY is
  • A. linear
  • B. quadratic
  • C. cubical
  • D. exponential
View Answer & Discuss (1) WAEC 1999
7
Productivity , per worker, is best measured by
  • A. total output less number of workers
  • B. total output multiplied by number of workers
  • C. number of workers less total output
  • D. total output didvided by number of workers
View Answer & Discuss WAEC 1999
8
In determining cost economics considers
  • A. implicit cost only
  • B. explicit cost only
  • C. implicit and explicit costs
  • D. explicit cost less implicit
View Answer & Discuss WAEC 1999
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
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9
The precautionary motive for holding money is to enable the holder to
  • A. buy stocks when interest are high
  • B. overcome unforseesn contigencies
  • C. buy goods and services on daily basis
  • D. buy fixed assets
View Answer & Discuss WAEC 1999
10
In long run, all factors inputs are
  • A. variable
  • B. diminishing
  • C. constant
  • D. fixed
View Answer & Discuss WAEC 1999
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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
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