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Economics Past Questions and Answers

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Economics Questions

Question 1311:

The best channel of distribution of baked bread is through?

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A Wholesalers to retailers then to consumers
B Direct sales to consumers
C Wholesalers to consumers
D Retailers to consumers

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Question 1312:

A form of business organization which is characterized by limited authority and liability of individual owners is the?

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

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Question 1313:

The shares that must be redeemed first at liquidation of a company are?

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A Preference shares
B Non-voting ordinary shares
C Ordinary shares
D Debentures

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Question 1314:

The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?

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A Increase their output
B Decrease their output
C Keep their output constant
D Hoard their output

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Question 1315:

The most important requirement for increasing agriculture output in Nigeria is?

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A For the government to go into large scale farming
B To employ relevant foreign technology and reform the land tenure system
C To increase farmers'incomes and improve the farming techniques
D To employ more extension workers

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