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2346
One advantage of a sole proprietor is that
  • A. it can be managed without conflicts
  • B. the sole proprietor raises money from the public
  • C. it makes an increase in the volume of business possible
  • D. there is no limit to the number pf people who may bring in capital
View Answer & Discuss WAEC 2009
2347
which of the following is a condition necessary for a perfect market?
  • A. the goods are heterogenous
  • B. there is preferential treatment
  • C. there is a large number of buyers and sellers
  • D. buyers and sellers are easily influenced
View Answer & Discuss WAEC 2009
2348
A market in which a single price obtains for a product is known as
  • A. a product market
  • B. a capital price market
  • C. an imperfect market
  • D. a perfect market
View Answer & Discuss WAEC 2009
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2349
what is the effect of pursuit of higher education on the size of labour force?
  • A. it makes labour force to be defective
  • B. it brings higher wage rate
  • C. it increases the size of labour force
  • D. it reduces the size of labour force
View Answer & Discuss WAEC 2009
2350
The population density of town Y made up of 50 square kilometre land area and 100 million people is
  • A. 50,000 people per square kilometre
  • B. 0.2 million people per square kilometre
  • C. 0.5 million people per square kilometre
  • D. 2 million people per square kilometre
View Answer & Discuss WAEC 2009
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