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341
one of the disadvantages of the division of labour is that it
  • A. saves time
  • B. makes work monotonous
  • C. encourages full utilization of capital
  • D. makes workers skilled at their work
  • E. allows greater use of machinery
View Answer & Discuss WAEC 1997
342
The value of money is affected by the
  • A. speculative motive
  • B. price level
  • C. transactionary motive
  • D. precautionary motive
  • E. employment level
View Answer & Discuss (1) WAEC 1997
343
which of the following is not a problem in the barter economy?
  • A. multiple exchange rate
  • B. indivisibility of goods and services
  • C. double coincidence of wants
  • D. bulkness of commodities
  • E. inflation
View Answer & Discuss WAEC 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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344
The optimum population of a country is reached when the
  • A. production of goodsand sevices is less than optimum
  • B. output per head is at its highest with a given volume of resources
  • C. total production increases with a given volume of resources
  • D. national resources increases as population increases
  • E. working population rises at a geometrical rate
View Answer & Discuss WAEC 1997
345
when the death rate for old people and the infant mortality rate are high , with no migration , there will be in the population a higher number of
  • A. younger people in the population
  • B. children in the population
  • C. old people in the population
  • D. women in the population
  • E. men in the population
View Answer & Discuss (1) WAEC 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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