Waec Economics Past Questions and Answers

Question 1161:

• 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

Question 1162:

• WAEC 2010

Which of the following is obtainable in a perfect market?

A. P = MR > AR
B. MP = MC > P
C. MR < P
D. P = MR = MC

Question 1163:

• WAEC 2010

The wholesaler performs the following function except

A. Breaking the bulk
B. Offering credit facilities to the consumers
C. Financing manufacturers
D. Buying in bulk from manufacturers

Question 1164:

• WAEC 2010

A country whose population size is too small relative to its resource is

A. Over populated
B. Optimally populated
C. Under populated
D. Producing the optimum output

Question 1165:

• WAEC 2010

An efficient weapon used in resolving dispute between employers and employees is

A. Co-operation
B. Collective bargaining
C. Display of placards
D. Legal action