Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
which of the following is not a reason for establishing public enterprises?
Adiscouraging investors
Bopening up neglected parts of the country
Ceffective control of a natural monopoly
Drapid economic development
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Question 1102
waec2006
buying and selling of shares is a function performed mostly by the
Ainsurance companies
Bstock exchanges
Cmerchant banks
Ddiscount houses
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Question 1103
waec2006
The total amount of money raised by a company through issuance of shares to the public is
Adebentures
Bnominal capital
Cordinary shares
Dpaid-up capital
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Question 1104
waec2006
The main difference between a private and a public enterprises is the
Aamount of profit realized
Bmode of operation
Cobjective of the business
Downership structure
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Question 1105
waec2006
A debenture holder is entitled to payment in the form of
Aallowance
Binterest
Csalary
Ddonation
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Question 1106
waec2006
The mechanism which allows the price of a commodity to be fixed either above or below the equilibrium is known as
Amonopolistic competition
Bprice discrimination
Cperfect competitive market
Dprice control
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Question 1107
waec2006
the market price of a commodity is normally determined by the
Alaw of demand
Binteraction of the force of demand and supply
Ctotal number of people in the market
Dtotal quantity of the commodity in the market
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Question 1108
waec2006
when the quantity of a commodity supplied increases and the quantity demanded decreases , there will be
Aa rise in price
Bno change in price
Cprice fluctuation
Da fall in price
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Question 1109
waec2006
In the normal market situation , when the price of a commodity rises the
Ademand for the commodity will rise
Bdemand for the commodity will fall
Csupply of the commodity will be constant
Dsupply of the commodity will fall
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Question 1110
waec2006
In the analysis of utility theory, the basis of demand is
Amarginal utility
Baverage utility
Cfixed utility
Ddiminishing utility
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Question 1111
waec2006
what are inferior goods? These are goods
Athat are generally in short supply
Bthat are no longer in demand
Cwhose demand falls as income increase
Dwhose price falls as demand increases
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Question 1112
waec2006
The amount of satisfaction obtained from the consumption of a commodity at a particular time is called
Amarginal utility
Bdiminishing return
Ctotal utility
Daverage utility
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Question 1113
waec2006
Standardization of products or services is a feature of
Alarge firms
Bretailer
Csmall firms
Dwholesaler
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Question 1114
waec2006
one of the factors affecting geographical distribution of population is
Ahigh birth rate
Bhigh death rate
Cencouragement of early marriage in the rural area
Dclimate conditions of the different parts of the country
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Question 1115
waec2006
middlemen in an economy perform the function of
Adistribution
Bexchange
CHoarding
Dprotector
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Question 1116
waec2006
A movement along the same demand curve either upwards or downwards as a result of change in price implies
Aa chnage in demand
Ba change in quantity demanded
Can increase in demand
Da shift in the demand curve to the right
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Question 1117
waec2006
Distribution of goods and service is hindered by
Agood road network
Befficient storage facilities
Ctoo many middlemen
Dadequate market information
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Question 1118
waec2006
If the fixed cost of a firm is 800.00 Naira and it's variable cost is 2,700 Naira while it's total output is 100 units, what is the average cost of the firm?
