Waec Economics 1989 Past Questions and Answers

Question 21:

• WAEC 1989

One of the advantages of Sole Proprietor is that

A. Risks are unlimited
B. Technological progress is often out of reach
C. Shares and stocks can be issued to raise funds
D. Initiatives can be used in all cases
E. It folds up in the case of death, lunacy or insolvency

Question 22:

• WAEC 1989

which of the following does not hinder the efficient of distribution of goods in West Africa?

A. Inadequate transportation network
B. Inadequate storage facilities for agricultural goodss
C. Inadequate credit facitlities for potential distributors
D. Government participation in the distributive trade
E. The tendency to hoard and smuggle

Question 23:

• WAEC 1989

which of the following categories of people do not gain during inflation?

A. Debtors
B. Businessmen
C. Shareholders
D. Investors
E. Creditors

Question 24:

• WAEC 1989

one of the argument against he presence of middlemen in the distribution chain is that they

A. Cause increase in the price of commodities
B. Are commissioned agents
C. Helps in keeping price stable
D. Grade and blend goods
E. Can be found almost everywhere

Question 25:

• WAEC 1989

Which of the following is the normal channel by which the commodities reach the final consumer?

A. Mnaufacturer-wholesale-agent retailer-consumer
B. Mnufacturer-wholesale-retailer-consumer
C. Manufacturer-wholesale-sales representative-retailer-consumer
D. Mnufacturer-wholesale-retailer-agent-consumer
E. Mnaufacturer-wholesale-retailer-sales-representative-consumer