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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
4381

Scale of preference shows

  • A. incomes of consumers in order of size
  • B. utilities enjoyed by consumers
  • C. opportunity cost of goods consumed
  • D. consumer's wants in order of priority
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4382

There is unemployment of resources when production is

  • A. within the production possibility curve
  • B. outside the production possibility curve
  • C. along the production possibility curve
  • D. adequate to meet market demand
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4383

A major characteristic of natural resources is they

  • A. are unlimited in supply
  • B. have high cost of production
  • C. are free gifts of nature
  • D. do not command any price
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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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4384

A major disadvantage of a capitalist economy is that it

  • A. leads to low production of goods and services
  • B. requires large number of officials to operate
  • C. considers individual consumers' satisfaction
  • D. worsens income inequality among the citizens
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4385

The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the GDP is $540, what is the contribution of the mining sector?

  • A. $ 90.00
  • B. $ 180.00
  • C. $ 324.00
  • D. $ 350.00
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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
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts