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2416

Which of the following is not a member of the Economic Community of West African State (ECOWAS)?

  • A. Cape Verde
  • B. Senegal
  • C. Cameroon
  • D. Niger
View Answer & Discuss WAEC 2010
2417

Which of the following is not an international economic organization?

  • A. Economic Commission for Africa (ECA)
  • B. African Development Bank (ADB)
  • C. World Health Organization (WHO)
  • D. International Monetary Fund (IMF)
View Answer & Discuss WAEC 2010
2418

Human wants are

  • A. limited
  • B. scarce
  • C. unlimited
  • D. in grades
View Answer & Discuss WAEC 2011
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2419

The difference between the money cost and the real cost of any item is that

  • A. real cost is the alternative forgone while the money cost is the actual amount paid for buying the item
  • B. the real cost is the opportunity cost, while the money cost is the marginal cost
  • C. money cost is the opportunity cost, while the real cost is the actual cost in monetary terms
  • D. money cost is always greater than the real cost
View Answer & Discuss WAEC 2011
2420

The production possibility curve (PPC) indicates that as more of one good is produced.

  • A. less of the other goods is produced
  • B. the same quantity of the other good is produced
  • C. more of the other good is produced
  • D. none of the other good is produced
View Answer & Discuss WAEC 2011
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