Economics

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Past Questions

Question 1616
waec 1993
a

responsiveness of demand to change in price

b

responsiveness of price to change in demand

c

increase in demand resulting form a rise in price

d

unit decrease in price resulting from a a fall in demand

e

unit increase in quantity demanded when price rises

Question 1617
waec 1993
a

rural people are not meant to work in industries

b

rural people are uneducated

c

of inadequate infrastructure

d

of low population density

e

they are not suitable for industries

Question 1618
waec 1993
a

nearest to his homw town

b

where the cost of production will be minimized

c

nearest to his wife's hometown

d

where the government direct him to locate

e

where there is no other industry

Question 1619
waec 1993
a

large number of distribution companies

b

import and export restrictions by the government

c

narrow markets for commodities produced

d

poor transportation and communication system

e

large influence of foreign traders

Question 1620
waec 1993
a

the number of shareholders is limited

b

the liability of shareholders is limited

c

accounts have to be publicized

d

the companies are separate legal entities

e

shares are not easily transferable

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