Economics 2001 WAEC Past Questions

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Which of the following business units can issue shares?

A. Sole trader
B. private limited companies
C. Central Banks
D. Super market

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When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being

A. indigenized
B. restructured
C. privatized
D. commercialized

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which of the following is not a trade union in Nigeria?

A. Nigerian Labour Congress
B. Academic Staff Union of Universities
C. Nigerian Ecoonomic Society
D. Nigerian Union of Journalists

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The monopolist power can be controlled by the government through

A. labour union
B. price legislation
C. import restrictions
D. export promotion

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Which of the following is not a condition for a perfect market?

A. homogenous commodity
B. ignorance of consumers
C. perfect information
D. free entry and exit

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Economics 2001 WAEC Past Questions

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