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4846

The exploitation of mineral resources constitutes which form of production?

 

 

  • A. services production
  • B. secondary production
  • C. primary production
  • D. tertiary production
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4847

 

If 20% rise in the price of Whisky leads to a 30% increase in quantity demanded of Schnapps, the cross elasticity of demand is

 

 

  • A. 3.0
  • B. 1.5
  • C. 2.3
  • D. 2.5
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4848

 

The major achievement of the Economic Community of West African States (ECOWAS) is that it has

 

  • A. made possible the use of common currency.
  • B. increased members allegiance to former colonial masters.
  • C. widened the market for goods produced.
  • D. made capital more mobile.
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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4849

What is the mean wage?

  • A. $36
  • B. $35
  • C. $37
  • D. $38
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4850

Which of the following factors does not encourage the location of industries?

  • A. Nearness to the market
  • B. Government influence in sitting industries
  • C. Availability of infrastructural facilities
  • D. political instability
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