Paper has been added to Cart!
Paper 1 | Objectives | 49 Questions
WASSCE/WAEC MAY/JUNE
Year: 2007
Level: SHS
Time:
Type: Question Paper
Answers provided
No description provided
This paper is yet to be rated
Norway Kvaroy Arctic Women in Aquaculture Postgraduate Scholarship Program 2022 for African Women
These are the best study techniques and methods that get higher grades in any school tests or exams.
Get full scholarship paid tuition from 5 countries with free education in 2022 for international students
# | Question | Ans |
---|---|---|
1. |
The three principal economic unit in any system are A. trade, industry and banking B. workers, consumers and shareholders C. households, firms and governments D. comapnies, industry and plants |
C |
2. |
The satisfaction derived from the use of a commodity is its A. demand B. elasticity C. wealth D. utility |
D |
3. |
The reward which accrues to labour for participating in production is A. interest B. wage C. bonus D. profit |
B |
4. |
The Malthusian theory of population does not concern itself with A. growth of food production in arithmetical progression B. growth of population in geometric progression C. positive check to population growth D. development and growth of manpower |
D |
5. |
One characteristics of labour is that it is A. fixed in demand B. fixed in supply C. mobile D. untrainable |
C |
6. |
A country where labour is not sufficient to make proper use of natural resources is said to have an A. active population B. optimum population C. over-population D. under-population |
D |
7. |
When population is classified according to professions, it is called A. geographical distribution of population B. age distribution of population C. sex distribution of population D. occupational distribution of population |
D |
8. |
What must be added to variable cost to give total cost? A. average total cost B. average variable cost C. fixed cost D. marginal cost |
C |
9. |
Revenue is the A. total profit made after sales B. amount spent on purchase C. amount of goods produced D. total money realized from sales |
D |
10. |
Given that TR is total revenue, then TRn -TR (n-1) can be used to find the A. marginal revenue B. marginal cost C. average cost D. average revenue |
A |
Preview displays only 10 out of the 49 Questions