Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Economics WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1191

How does producers expectation of a price fall affect the supply curve of a product? There will be

  • A. a moment along the curve
  • B. a leftward shift
  • C. no shift of the supply curve
  • D. a shift to the right
View Answer & Discuss (3) WAEC 2016
1192

A price floor results in

  • A. excess demand
  • B. excess supply
  • C. parallel market
  • D. hoarding of goods
View Answer & Discuss (2) WAEC 2016
1193

An entrepreneur is encouraged to adopt division of labour in production because it

  • A. provide more employment opportuinities
  • B. leads to increased output and lower cost of production
  • C. brings about equal cost and employment opportuinities
  • D. leads to increased cost of production and lower output
View Answer & Discuss (1) WAEC 2016
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
1194

The long run is a period when

  • A. only the variable factors can be altered
  • B. all factors become variable
  • C. the firm will cease to exist
  • D. only the fixed factors can be altered
View Answer & Discuss (1) WAEC 2016
1195
The necessary condition for a firm to be in equilibrium is that marginal revenue is
  • A. greater than marginal
  • B. equal to marginal
  • C. less than average revenue
  • D. equal to average
View Answer & Discuss (4) WAEC 2016
Start a Free Practice Test
 
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now