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Economics 2008 WAEC Past Questions

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31
Which of the following is a disadvantage of large scale production?
  • A. market economies
  • B. managerial economies
  • C. personal organization
  • D. division of labour
View Answer & Discuss (1) WAEC 2008
32
The national income off a country can be estimated through the
  • A. output approach
  • B. input approach
  • C. empirical approach
  • D. census approach
View Answer & Discuss WAEC 2008
33
A medium of exchange which is generally acceptable is
  • A. bater
  • B. a cheque
  • C. government bond
  • D. money
View Answer & Discuss WAEC 2008
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
34
Since money is demanded for what it can buy, the demand is said to be
  • A. derived
  • B. joint
  • C. composite
  • D. complementary
View Answer & Discuss WAEC 2008
35
The supply of money in the economy includes
  • A. bank notes only
  • B. bank note and coins
  • C. bank notes and bank deposits
  • D. bank notes, coins and bank deposits
View Answer & Discuss WAEC 2008
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