WAEC SSCE - Economics - 2017 (Objective)

The specialization of labour enhances production because people?

the opportunity cost of a worker going to the university  is

which of the following can be added to a firm's profit to obtain total revenue

a rational consumer will purchase a product whose price is?

A measure of the value of money in an economy is the

The difference between demand and wants is in the

if the weight of five puppies in kilograms are 3.5, 3.0, 4.2, 5.0 and 4.3, then mean weight of the puppies is?

which of the following is trueof the monopolist

Effective supply is the total amount of a commodity 

one problem facing the economic integration of countries in west Africa is the

which of the following is an implication  of a large population

which of the following is most likely to be of benefit to a debtor

The system of agriculture which involves the cultivation of crops and rearing of animals for family consumption only is termed?

Economics is regarded as a science because?

Infant industries can be described as?

increase in the supply of a product can be caused by?

A civil engineer who accepts to teach elementary science in a primary school because he cannot get a paid engineering job is an example of?

which of the following is an example of derived demand

A demand curve parallel to the Y-axis indicates

Another term for equilibrium price is?

Which of the following resources is renewable

price elasticity of supply can be influenced by the following factors except?

when a firm is enjoying internal economies of scale, its?

the value added method used in measuring national income is to 

which of the following is a threat to the existence of middlemen

the negative effects of mining in wast A frica does not include?

in an industrial area, the location of industries is particularly influenced by ?

Dumping in international occurs when a foreign firm sells

which of the following is a threat to the existence of middlemen

if a state owned firm is sold through the stock market, the organisation becomes?

The amount of money that a firm recieves from the sales of its output is called

if the coefficient of cross elasticity of demand for goods Y and Z is positive, the two goods are?

one way of speeding up the economic development of a country is by encouraging

parallel markets are usually the results of 

which of the following is a transfer income

in a market economy, the problem of what goods to produced is solved primarily by

The function that distinguishes commercial banks from the central bank is that the former 

one of the major functions of money is?

The control of aggregate demand through changes in government spending and tax rates is referred to as?

The total number of people of working age who are willing and prepared to work at a given wage rate is the 

which of the following is not a feature of economic underdevelopment 

one objective of organisation of patroleum exporting countries (OPEC) is to?

Direct taxes include?

A rightward shift in the supply curve of a commodity is brought about by an increase in?

which of the following terms of trade is recorded in a country's current account section of the balance of payments

Equity shares form the bulk of the capital of a?

which of the following items is not an example of circulating capital

Modern international trade is based on the principle of?