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1176

Use this above diagram to answer this question. From the table, the mean of the distribution is

  • A. 2.2
  • B. 2.5
  • C. 3
  • D. 4.5
View Answer & Discuss (3) WAEC 2014
1177

Use this above diagram to answer this question. What is the median of the distribution?

  • A. 5
  • B. 4
  • C. 3
  • D. 2
View Answer & Discuss (4) WAEC 2014
1178
Human wants are insatiable because wants are
  • A. limited while means are scarce
  • B. unlimited and means are also unlimited
  • C. limited and means are also limited
  • D. unlimited while means are scarce
View Answer & Discuss (1) WAEC 2016
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1179
Scale of preference is important for the following reasons except in
  • A. satisfying wants
  • B. making rational
  • C. making optinum allocation of resources
  • D. using scarce resources efficiently
View Answer & Discuss (8) WAEC 2016
1180
In a socialist economy, prices of commodities are determined by
  • A. forces of demand and supply
  • B. producers of the commodities
  • C. the central planning authority
  • D. consumers who are sovereign
View Answer & Discuss (1) WAEC 2016
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