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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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4391

In perfectly elastic supply, the supply curve

  • A. is vertical
  • B. is horizontal
  • C. slopes upward
  • D. slopes downward
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4392

A country's budget allocation to various sectors of the economy is shown in the pie chart above...

Use it to answer this question.

If the budget of the country was $7,200, how much is allocated to Education?

  • A. $2,400.00
  • B. $2,000.00
  • C. $1,200.00
  • D. $1,000.00
View Answer & Discuss (2) JAMB 2022
4393

A country's budget allocation to various sectors of the economy is shown in the pie chart above...
Use it to answer this question

What is the ratio of expenditure on health to Agriculture if the yearly budget is 7200?

  • A. 2: 3
  • B. 3:4
  • C. 4:3
  • D. 5:4
View Answer & Discuss (6) JAMB 2022
WAEC offline past questions - with all answers and explanations in one app - Download for free
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4394

A consumer of a single commodity is in equilibrium when

  • A. he can equate his demand with price
  • B. he equates marginal utility and price
  • C. he can equate his marginal and total utilities
  • D. his marginal utility is equal to zero
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4395

If the government imposes a minimum price on a commodity

  • A. market surplus occurs
  • B. the market will be cleared in the short-run
  • C. excess demand occurs
  • D. government regulation is no longer needed
View Answer & Discuss JAMB 2022
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709