Year :
1989
Title :
Economics
Exam :
WASSCE/WAEC MAY/JUNE
Paper 1 | Objectives
31 - 40 of 41 Questions
| # | Question | Ans |
|---|---|---|
| 31. |
The grouping of a population into males and females is known as the A. geographical distribution B. age distribution C. sex distribution D. man-woman distribution E. occupational distribution |
C |
| 32. |
Which of the following is the most important reason why wages differ among occupations? A. Length and cost of training B. Supply of labour C. Attractiveness of the job D. influence of trade unions E. Government decision |
B |
| 33. |
A legal tender is any A. form of money B. means of exchange authorized by the state C. commodity generally acceptable as a meduim of exchange D. total productivity of labour E. amount of goods and services that the wage can fetch |
C |
| 34. |
Wages are to some extent determine by the A. Marginal utility of labour B. Marginal productivity of labour C. Average productivity of labour D. Total productivity of labour E. Amount of goods and services that the wage can fetch |
B |
| 35. |
Inflation in any economy A. Has no monetary connection B. Implies a sustained decrease in the general price level C. Always increase the value of national currency D. Tends to redistribute income arbitrarily E. Tends to bring down market prices |
D |
| 36. |
Which of these does not encourage industrial development? A. Tax exemption B. Provision of financial institution C. Provision of infrastructural facilities D. Limitation of markets for industruial products E. Government direct participation |
D |
| 37. |
Which of these does not encourage industrial development? A. Tax exemption B. Provision of financial institution C. Provision of infrastructural facilities D. Limitation of markets for industruial products E. Government direct participation |
D |
| 38. |
Industry can simply be defined as A. Many firms producing different products B. A firm or firms producing similar goods and services C. Different firms producing different goods D. Different firms producing equal number of similar goods and services E. Many firms producing unidentical goods and services |
B |
| 39. |
The reward of a debenture holder of a public company is a fixed rate of A. Interest B. Return C. Dividend D. Rent E. Allowance |
A |
| 40. |
The downward sloping of the Average Revenue curve of the monopolist indicates that he A. Can control both output and price B. Can only break-even C. Can control either the output or the price, but not both D. Can’t control anything E. Exploit the consumer |
C |
| 31. |
The grouping of a population into males and females is known as the A. geographical distribution B. age distribution C. sex distribution D. man-woman distribution E. occupational distribution |
C |
| 32. |
Which of the following is the most important reason why wages differ among occupations? A. Length and cost of training B. Supply of labour C. Attractiveness of the job D. influence of trade unions E. Government decision |
B |
| 33. |
A legal tender is any A. form of money B. means of exchange authorized by the state C. commodity generally acceptable as a meduim of exchange D. total productivity of labour E. amount of goods and services that the wage can fetch |
C |
| 34. |
Wages are to some extent determine by the A. Marginal utility of labour B. Marginal productivity of labour C. Average productivity of labour D. Total productivity of labour E. Amount of goods and services that the wage can fetch |
B |
| 35. |
Inflation in any economy A. Has no monetary connection B. Implies a sustained decrease in the general price level C. Always increase the value of national currency D. Tends to redistribute income arbitrarily E. Tends to bring down market prices |
D |
| 36. |
Which of these does not encourage industrial development? A. Tax exemption B. Provision of financial institution C. Provision of infrastructural facilities D. Limitation of markets for industruial products E. Government direct participation |
D |
| 37. |
Which of these does not encourage industrial development? A. Tax exemption B. Provision of financial institution C. Provision of infrastructural facilities D. Limitation of markets for industruial products E. Government direct participation |
D |
| 38. |
Industry can simply be defined as A. Many firms producing different products B. A firm or firms producing similar goods and services C. Different firms producing different goods D. Different firms producing equal number of similar goods and services E. Many firms producing unidentical goods and services |
B |
| 39. |
The reward of a debenture holder of a public company is a fixed rate of A. Interest B. Return C. Dividend D. Rent E. Allowance |
A |
| 40. |
The downward sloping of the Average Revenue curve of the monopolist indicates that he A. Can control both output and price B. Can only break-even C. Can control either the output or the price, but not both D. Can’t control anything E. Exploit the consumer |
C |