Waec Economics 2010 Past Questions and Answers

Question 16:

• WAEC 2010

The reward to land as a factor of production is

A. Profit
B. Rent
C. Interest
D. Wage

Question 17:

• WAEC 2010

A firm is said to be a public joint stock company when it

A. Is owned by the government
B. Sells its shares to members of the public
C. Operates as a government corporation
D. Is not legally recognized as a firm

Question 18:

• WAEC 2010

All the following are source of finance to a joint stock company except

A. Debentures
B. Cooperative loans
C. Shares
D. Bank loans

Question 19:

• WAEC 2010

The public sector of an economy includes

A. Cooperative societies
B. Nationalized industries
C. Joint stock companies
D. Pressure groups

Question 20:

• WAEC 2010

One advantage of the Sole Proprietorship over other forms of business organization is that it can

A. Make very high profits
B. Employ many workers
C. Keeps its affair private
D. Produce on a very large high scale