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Economics Past Questions and Answers

Waec Economics 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
View Answer & Explanation
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
View Answer & Explanation
Question 623:
The monopolist power can be controlled by the government through
  • A Labour union
  • B Price legislation
  • C Import restrictions
  • D Export promotion
View Answer & Explanation
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
View Answer & Explanation
Question 625:
The reward for a shareholdership of a company is
  • A Wages
  • B Interest
  • C Dividends
  • D Profit
View Answer & Explanation