Waec Economics 2001 Past Questions and Answers

Question 26:

• WAEC 2001

Which of the following is not a condition for a perfect market?

A. Homogenous commodity
B. Ignorance of consumers
C. Perfect information
D. Free entry and exit

Question 27:

• WAEC 2001

The reward for a shareholdership of a company is

A. Wages
B. Interest
C. Dividends
D. Profit

Question 28:

• WAEC 2001

In a public corporation , the risks of business are borne by the

A. Workers
B. Tax payers
C. Board members
D. Treasury

Question 29:

• WAEC 2001

One of the function of money is

A. Double coincidence of wants
B. Unit of accounts
C. Indivisibility
D. Making payment through banks only

Question 30:

• WAEC 2001

Money is demanded for which of the following reasons?

A. To meet unforseen contigencies
B. To solve the problem of inflation
C. It is easily divisible
D. It is portable