Economics Questions and Answers
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
The money paid per hour for work done is________
Cost
Salary
Bonus
Wage rate
Correct answer is A
No explanation has been provided for this answer.
A decrease in profit by 43%
An increase in profit by 43%
A net loss
A net gain
Correct answer is A
No explanation has been provided for this answer.
0.50
0.40
1.25
0.80
Correct answer is C
No explanation has been provided for this answer.
A limited liability company is owned by_______________
A bank
An individual
Two or more partners
Share holders
Correct answer is D
No explanation has been provided for this answer.
When elasticity is zero, the demand curve is____________
Circular
Downward sloping
Perfectly inelastic
Concave
Correct answer is C
No explanation has been provided for this answer.