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Economics Past Questions and Answers

Waec Economics Questions

Question 856:
The transfer of ownership of a public enterprise to individuals and firms is called
  • A Commercialization
  • B Nationalization
  • C Privatization
  • D Restructuring
View Answer & Explanation
Question 857:
One-man business are popular in West Africa because of all the following except the
  • A Ease of entry
  • B Small capital required
  • C Limited enterpreneur skills needed
  • D Tendency to become joint-stock compsnies
View Answer & Explanation
Question 858:
Wholesalers are often criticized because they
  • A Help to break the bulk
  • B Finance producers
  • C Increase prices
  • D Provide after-sales services
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Question 859:
In which of the following business units are the owners mostly customers?
  • A Co-operatives
  • B Limited liability companies
  • C Partnerships
  • D Public corporations
View Answer & Explanation
Question 860:
information about new goods is passed on to buyers through
  • A Advertising
  • B Retail trade
  • C The manufacturer
  • D Wholesale trade
View Answer & Explanation