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Waec Economics Past Questions and Answers

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Waec Economics Past Questions

Question 621:


When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being

A. Indigenized
B. Restructured
C. Privatized
D. Commercialized


Question 622:


which of the following is not a trade union in Nigeria?

A. Nigerian Labour Congress
B. Academic Staff Union of Universities
C. Nigerian Ecoonomic Society
D. Nigerian Union of Journalists


Question 623:


The monopolist power can be controlled by the government through

A. Labour union
B. Price legislation
C. Import restrictions
D. Export promotion


Question 624:


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 625:


The reward for a shareholdership of a company is

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






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