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Economics 1999 WAEC Past Questions

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36
Price discrimination can only occur when there is
  • A. perfect competiton
  • B. imperfect competition
  • C. a merge
  • D. partnership
View Answer & Discuss WAEC 1999
37
Commodity market can best be described as a market in which
  • A. goods are sold
  • B. labour is sold and bought
  • C. short-term loans are obtained
  • D. quoted stocks are bought
View Answer & Discuss WAEC 1999
38
Provision of services is classified under
  • A. primary production
  • B. secondary production
  • C. tertiary production
  • D. production possibilities
View Answer & Discuss WAEC 1999
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39
In ordinary partnership, the risks are
  • A. borne by the workers
  • B. borne by the creditors
  • C. shared among the partners
  • D. undertaken by the active partners
View Answer & Discuss WAEC 1999
40
balance of trade is define as the relationship between
  • A. invisible imports and exports
  • B. visible and invisible exports
  • C. imports and exports of services
  • D. visible exports and visible imports
View Answer & Discuss (2) WAEC 1999
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