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Economics 1989 WAEC Past Questions

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36
which of these does not encourage industrial development?
  • A. Tax exemption
  • B. Provision of financial institution
  • C. Provision of infrastructural facilities
  • D. Limitation of markets for industruial products
  • E. Government direct participation
View Answer & Discuss WAEC 1989
37
which of these does not encourage industrial development?
  • A. Tax exemption
  • B. Provision of financial institution
  • C. Provision of infrastructural facilities
  • D. Limitation of markets for industruial products
  • E. Government direct participation
View Answer & Discuss WAEC 1989
38
Industry can simply be defined as
  • A. Many firms producing different products
  • B. A firm or firms producing similar goods and services
  • C. Different firms producing different goods
  • D. Different firms producing equal number of similar goods and services
  • E. Many firms producing unidentical goods and services
View Answer & Discuss WAEC 1989
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39
The reward of a debenture holder of a public company is a fixed rate of
  • A. Interest
  • B. Return
  • C. Dividend
  • D. Rent
  • E. Allowance
View Answer & Discuss WAEC 1989
40
The downward sloping of the Average Revenue curve of the monopolist indicates that he
  • A. Can control both output and price
  • B. Can only break-even
  • C. Can control either the output or the price, but not both
  • D. Can’t control anything
  • E. Exploit the consumer
View Answer & Discuss WAEC 1989
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