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71
Wages are to some extent determine by the
  • A. Marginal utility of labour
  • B. Marginal productivity of labour
  • C. Average productivity of labour
  • D. Total productivity of labour
  • E. Amount of goods and services that the wage can fetch
View Answer & Discuss WAEC 1989
72
Inflation in any economy
  • A. Has no monetary connection
  • B. Implies a sustained decrease in the general price level
  • C. Always increase the value of national currency
  • D. Tends to redistribute income arbitrarily
  • E. Tends to bring down market prices
View Answer & Discuss WAEC 1989
73
which of these does not encourage industrial development?
  • A. Tax exemption
  • B. Provision of financial institution
  • C. Provision of infrastructural facilities
  • D. Limitation of markets for industruial products
  • E. Government direct participation
View Answer & Discuss WAEC 1989
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
74
which of these does not encourage industrial development?
  • A. Tax exemption
  • B. Provision of financial institution
  • C. Provision of infrastructural facilities
  • D. Limitation of markets for industruial products
  • E. Government direct participation
View Answer & Discuss WAEC 1989
75
Industry can simply be defined as
  • A. Many firms producing different products
  • B. A firm or firms producing similar goods and services
  • C. Different firms producing different goods
  • D. Different firms producing equal number of similar goods and services
  • E. Many firms producing unidentical goods and services
View Answer & Discuss WAEC 1989
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts