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Monday, 13 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 976:
The main objective of privatizing a government business is to
  • A Create additional employment
  • B Increase expenditure
  • C Source for new funds
  • D Increase the level of efficiency
View Answer & Explanation
Question 977:
the return of investment that is just sufficient to satisfy the owner of a business is called?
  • A Economic profit
  • B Business profit
  • C Normal profit
  • D Excess profit
View Answer & Explanation
Question 978:
which of the following is a middleman in the chain of distribution?
  • A An entrepreneur
  • B A producer
  • C A banker
  • D A retailer
View Answer & Explanation
Question 979:
A negative effect of the presence of a large number of middlemen in the distributive network is
  • A Greater variety of goods
  • B Greater quality of goods
  • C Lower price of goods
  • D Higher price of goods
View Answer & Explanation
Question 980:
An example of a producer goods is a
  • A Tin of milk
  • B Hammer
  • C Loaf of bread
  • D Shirt
View Answer & Explanation