Waec Economics 2004 Past Questions and Answers

Question 21:

• WAEC 2004

The market structure in which the operation are many and none of them can influence the price is

A. Imperfect market
B. Perfect market
C. Oligopolistic
D. Stock market

Question 22:

• WAEC 2004

one main benefit of partnership is

A. The possibility of raising funds on the stock exchange
B. The possibility of attracting twenty one or more members
C. That members can specialize in various functions
D. That it enjoys its own separate legal entity

Question 23:

• WAEC 2004

Joint ventures are partnerships involving

A. The poor and the rich
B. Employers and workers
C. Government and private investors
D. Multinationals and individuals

Question 24:

• WAEC 2004

The value of money is best determined by

A. Input-output ratio
B. The purchasing power
C. The importance people attach to it
D. Economies of scale

Question 25:

• WAEC 2004

Which of the following will be an effect of inflation?

A. Wage earners will gain
B. Borrowing of money will be restricted
C. Money lenders will gain
D. Borrowers of money will gain