Waec Economics 2003 Past Questions and Answers

Question 26:

• WAEC 2003

The shares which do not carry any fixed rate of dividend are known as

A. Debenture
B. Cummulative preference shares
C. Ordianry shares
D. Participating preferencial shares

Question 27:

• WAEC 2003

The economic goals of public corporation is to

A. Maximize profits
B. Expand assets
C. Minimize cost
D. Provide essential services

Question 28:

• WAEC 2003

one of the factors responsible for low agricultural production in West Africa is

A. Inadequate labour
B. Shortage of lands
C. Inadequate implements
D. Inadequate research

Question 29:

• WAEC 2003

Efficient distribution of goods in West Africa will be facilitated by

A. Poor storage facility
B. Adequate transportation system
C. High standard of living
D. High cost of living

Question 30:

• WAEC 2003

The demand for money is

A. Derived demand
B. Composite demand
C. Joint demand
D. Complimentary demand