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Economics WAEC Past Questions

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876
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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877
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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878
The national income off a country can be estimated through the
  • A. output approach
  • B. input approach
  • C. empirical approach
  • D. census approach
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879
A medium of exchange which is generally acceptable is
  • A. bater
  • B. a cheque
  • C. government bond
  • D. money
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880
Since money is demanded for what it can buy, the demand is said to be
  • A. derived
  • B. joint
  • C. composite
  • D. complementary
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