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Economics 1998 WAEC Past Questions

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16
In a joint-stock company the shareholders are the
  • A. owners
  • B. managers
  • C. chief executives
  • D. company advisers
  • E. day-to-day decision makers
View Answer & Discuss WAEC 1998
17
The distribution of goods by the price system is distorted when
  • A. there is a high degree of competition among producers
  • B. producers and consumers operate freely
  • C. factors of production are mobile
  • D. no aalowance is made for social costs and social benefits
  • E. there is price control measure in the system
View Answer & Discuss WAEC 1998
18
An appropriate industrialization strategy in an under-populated country is
  • A. import substitution
  • B. capital intensive
  • C. the contract method
  • D. the use of foreigners in the factories
  • E. labour intensive
View Answer & Discuss WAEC 1998
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19
The power of trade union may be weakened when there is
  • A. optimum population
  • B. a weak government in power
  • C. over population
  • D. a civilian government in power
  • E. under-population
View Answer & Discuss WAEC 1998
20
Malthus' contention is that
  • A. population increase in arithmetic progression while food production increased in geometric progresion
  • B. population increased in geometric progression whil food production increased in arithmetic progression
  • C. population and food growth rate will, in future, be at par
  • D. nations have to get enough manpower to cultivate available land for food
  • E. output from agriculture decreased as more and more of the poorer lands were brought into cultivation
View Answer & Discuss WAEC 1998
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