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3576

A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?

  • A. $302.00
  • B. $52.00
  • C. $18.00
  • D. $622.00
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3577

in a country with large population of full-time housewives, national income 

  • A. will be composed of goods produced by women
  • B. figures will be grossly over-stated
  • C. statistics will be difficult to calculate
  • D. figures will be grossly under-stated
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3578

demand pull inflation is likely to be caused by?

  • A. an increase in the cost of factors inputs
  • B. increase in the income tax rate
  • C. increase in bank lending rates
  • D. increasingly large budget deficit
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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3579

Holding money to take care of contigencies is?

  • A. a speculative motive
  • B. a transaction motive
  • C. a precautionary motive
  • D. an expansionary motive
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3580

if a housewife has meat and tomatoes, she must find someone who wants meat and has tomatoes to give. this concept is described as?

  • A. opportunity cost
  • B. scale of preference
  • C. complementary demand
  • D. double of coincidence of wants
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709