2000 - WAEC Economics Past Questions and Answers - page 2
11
Public enterprises are established mainly to
A
provide basic amenities for the people
B
make goods available in the market
C
make profit for the government
D
compete with foreigners in the industrial sector
correct option: a
Users' Answers & Comments12
One important feature of sole proprietorship is that
A
it is limited liability business
B
the business is owned by shareholders
C
one person bears all the risks
D
it is a legal entity
correct option: c
Users' Answers & Comments13
The maximum amount of money a company is allowed to raise by issuing shares to the public is called
A
paid-up capital
B
fixed capital
C
working capital
D
authorized capital
correct option: d
Users' Answers & Comments14
The consumers co-operative society is owned by
A
a management committee
B
members of the society
C
debenture holders
D
the government
correct option: b
Users' Answers & Comments15
which of the following is a function of the retailer?
A
provision of storage facilities
B
financing manufacturers
C
stocking variety of goods
D
advertisement of goods
correct option: c
Users' Answers & Comments16
The supply of labour can be influenced by the
A
size of the population
B
stage of economic development
C
size of the country
D
extent of the market
correct option: a
Users' Answers & Comments17
Majority of West African labour force is engaged in
A
industrial production
B
agricultural production
C
mining industry
D
construction industry
correct option: b
Users' Answers & Comments18
census of population is usually conducted every
A
20 years
B
15 years
C
10 years
D
7 years
correct option: c
Users' Answers & Comments19
one economic implication of over-population is that it
A
leads to low demand s of goods
B
reduce balance of payment difficulties
C
leads to a fall in per capital income
D
reduce pressure on the available social facilities
correct option: c
Users' Answers & Comments20
Hassan , an economic teacher in Lagos, resigned his appointment and took yup another job as a banker . The The concept here involves
A
occupational mobility of labour
B
horozontal mobility of labour
C
vertical mobility of labour
D
geographical mobility of labour
correct option: a
Users' Answers & Comments