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Economics Past Questions and Answers

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Waec Economics Questions

Question 121:

Which of the following are not agents of distribution

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A Wholesalers
B Retailers
C Consumers
D Government agencies
E Cooperative societies

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Question 122:

One of the greatest demerits of the middlemen in Nigeria is that they

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A Increase the price of goods and services at will
B Sell in small units only
C Store goods in warehouse that are not spacious enough
D Sell on credit to retailers only
E Do not advertise their goods

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Question 123:

When a business has an unlimited liability

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A The owner are not responsible for all its financial debts
B All its profits can be taxed by the government
C The owners are responsible for all its financial debts
D All its assets belongs to the members of its board of directors
E It ceases to exist at the death of one of its owner

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Question 124:

when a country has a large labour forvce , it is beneficial to use a method of production which is

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A Capital intensive
B Land intensive
C Labour intensive
D Mechanically intensive
E Technically intensive

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Question 125:

which of the following are determinants of the rate of population growth?

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A Birth rate, immigration and death rate
B Birth rate, death rate and emigration
C Death rate , birth rate and net migration
D Migration, large families and birth rate
E Death rate, migration and mortality rate

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