Waec Economics 2015 Past Questions and Answers

Question 21:

• WAEC 2015

which of the following curves is not U shaped

A. Marginal cost curve
B. Average fixed cost curve
C. Average total cost curve
D. Average variable cost

Question 22:

• WAEC 2015

which of the following business organisations is likely to experience disagreements between management and shareholders

A. Co-operative society
B. Sole trader
C. Partnership
D. Joint-stock company

Question 23:

• WAEC 2015

which of the following is not a method of controlling monopoly

A. Preventing mergers
B. Indigenization
C. Privatization
D. Imposing high profit tax

Question 24:

• WAEC 2015

which of the following features distinguishes a public limited company from a private limited company

A. Perpetual existence
B. Limited liability
C. Legal entity
D. Sales of shares to the public

Question 25:

• WAEC 2015

Inflation may occur if there is?

A. Excess supply over demand
B. Increase in productivity
C. Excessive demand with limited supply
D. Increased government spending in a depressed economy