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Economics 2008 WAEC Past Questions

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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26
The employer's demand curve for labour is represented by the
  • A. marginal product curve of labour
  • B. total product curve of labour
  • C. average product curve of labour
  • D. total cost curve of labour
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27
agriculture plays a dominant role in our country because
  • A. it is the main source of energy
  • B. it employs more than 50% of the total labour force
  • C. it supplies all the industrial inputs
  • D. there are large plantations of cocoa, groundnut and palm oil
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28
the main objective of specialization is to
  • A. allocate resources
  • B. limit worker's skills
  • C. increase the use of labour
  • D. increase productivity
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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29
industry can be define as
  • A. several firms producing different commodities
  • B. group of firms producing similar commodities
  • C. different firms producing equal number of commodities
  • D. many firms producing for exports
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30
Which of the following is a disadvantage of large scale production?
  • A. market economies
  • B. managerial economies
  • C. personal organization
  • D. division of labour
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709