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836
If the population of a country is low and the Gross National Product is high, the per capita income will be
  • A. high
  • B. low
  • C. average
  • D. unitary
View Answer & Discuss WAEC 2007
837
The population of a country in a certain year was fifty million and her per capita income was $2,050. What was the national income?
  • A. $750,000 million
  • B. $100,250 million
  • C. $102,500 million
  • D. $125,050 million
View Answer & Discuss (1) WAEC 2007
838
One of the advantages of capitalism is that
  • A. consumers are exploited
  • B. private iniatives is discouraged
  • C. efficient allocation of resource is assured
  • D. job security is assured
View Answer & Discuss (1) WAEC 2007
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
839
Which of the following contributes the highest amount of foreign exchange to the economy of West African nations?
  • A. Construction, manufacturing and banking
  • B. Shipping, trading and fishing
  • C. Power, telecommunication and sports
  • D. Extraction, farming and tourism
View Answer & Discuss WAEC 2007
840
International trade depends on the concept of?
  • A. marginal cost advantage
  • B. comparative cost disadvantages
  • C. comparative cost advantage
  • D. absolute cost
View Answer & Discuss WAEC 2007
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