Past Questions And Answers
A worker's present salary is N24,000 per annum. His annual increment is 10% of his basic salary. What would be his annual salary at the beginning of the third year?
- A. N28,800
- B. N29,040
- C. N31,200
- D. N31,944
A firm achieves least-cost in production by substituting factors until?
- A. their prices are equal
- B. the ratio of their marginal -physical-products equals the ratio of their prices
- C. their marginal -physical-products are each equal to their factor prices
- D. their marginal -physical-products are each equal to zero
One of the techniques of monetary control used by the Central Bank of Nigeria is?
- A. selective credit control
- B. budget deficit
- C. foreign exchange control
- D. monitoring the general price level
If there is an increase in demand without a corresponding increase in supply, there will be a
- A. rise in price
- B. shift in demand curve to the left
- C. fall in price
- D. shift in supply curve to the right
How did the traditional rulers in the pre-colonial days control their subjects?
View Discussion (0)WAEC 1999 THEORYHispenury gave him a lifetime a hunger
- A. avariciousness
- B. affluence
- C. poverty
- D. penny
The rate of natural increase that has been adjusted for net immigration or emigration is the?
- A. fertility rate
- B. migration rate
- C. rate of population growth
- D. rate of population decline
The privilege citizens enjoyed in a country irrespective of sex, tribe or creed is
- A. right
- B. constitution
- C. manifesto
- D. franchise
The mode of nutrition which describes feeding habit in animals is
- A. autotrophic
- B. holozoic
- C. holophytic
- D. saprophytic
A major assumption in cardinal utility theory is that
- A. utility is measureable
- B. utility is not measurable
- C. total utility equals marginal utility
- D. total utility is constant