WAEC Economics Past Questions & Answers - Page 157

781.

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

Correct answer is C

No explanation has been provided for this answer.

782.

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

Correct answer is D

No explanation has been provided for this answer.

783.

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

Correct answer is D

No explanation has been provided for this answer.

784.

One characteristics of labour is that it is

A.

Fixed in demand

B.

Fixed in supply

C.

Mobile

D.

Untrainable

Correct answer is C

No explanation has been provided for this answer.

785.

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

Correct answer is D

No explanation has been provided for this answer.