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196
A nation with a working population that is insufficient to exploit its resources is said to be
  • A. over-populated
  • B. under-populated
  • C. experiencing decrease population
  • D. experiencing increasing population
  • E. having optimum population
View Answer & Discuss WAEC 1993
197
Which of the following may not be included in explaining the term production?
  • A. provision of services
  • B. manufacture of goods
  • C. changing raw materials ti finishing goods
  • D. use of consumer goods
  • E. making goods available where and when they are needed
View Answer & Discuss WAEC 1993
198
which of the following business establishment are not motivated mainly by profit?
  • A. Public Limited Companies
  • B. Private Limited Companies
  • C. Holding companies
  • D. Patnershps
  • E. Co-operatives
View Answer & Discuss WAEC 1993
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199
Production is not complete until the
  • A. goods gets to the wholesaler
  • B. goods reached the final consumer
  • C. factors of production are combined
  • D. goods are ready for transportation
  • E. wholesalers ask the firms to produce
View Answer & Discuss WAEC 1993
200
which of the following is the correct way to calculate total cost?
  • A. Addition of fixed cost to variable cost
  • B. Division of total cost by total output
  • C. Multiplication of fixed cost by the variable cost
  • D. Subtraction of fixed cost from total cost
  • E. Addition of marginal cost to average cost
View Answer & Discuss WAEC 1993
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