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Economics Past Questions and Answers

Economics Questions

Question 2561:
WAEC 1999
The graph of the function X = a + bY is
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  • A Linear
  • B Quadratic
  • C Cubical
  • D Exponential
View Answer & Explanation
Question 2562:
WAEC 1999
Productivity , per worker, is best measured by
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  • A Total output less number of workers
  • B Total output multiplied by number of workers
  • C Number of workers less total output
  • D Total output didvided by number of workers
View Answer & Explanation
Question 2563:
WAEC 1999
In determining cost economics considers
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  • A Implicit cost only
  • B Explicit cost only
  • C Implicit and explicit costs
  • D Explicit cost less implicit
View Answer & Explanation
Question 2564:
WAEC 1999
The precautionary motive for holding money is to enable the holder to
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  • A Buy stocks when interest are high
  • B Overcome unforseesn contigencies
  • C Buy goods and services on daily basis
  • D Buy fixed assets
View Answer & Explanation
Question 2565:
WAEC 1999
In long run, all factors inputs are
SchoolNGR Classroom
  • A Variable
  • B Diminishing
  • C Constant
  • D Fixed
View Answer & Explanation

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