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Economics 2003 WAEC Past Questions

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26
The economic goals of public corporation is to
  • A. maximize profits
  • B. expand assets
  • C. minimize cost
  • D. provide essential services
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27
one of the factors responsible for low agricultural production in West Africa is
  • A. inadequate labour
  • B. shortage of lands
  • C. inadequate implements
  • D. inadequate research
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28
Efficient distribution of goods in West Africa will be facilitated by
  • A. poor storage facility
  • B. adequate transportation system
  • C. high standard of living
  • D. high cost of living
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29
The demand for money is
  • A. derived demand
  • B. composite demand
  • C. joint demand
  • D. complimentary demand
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30
money becomes a very poor store of value in a period of
  • A. deflation
  • B. depression
  • C. recession
  • D. inflation
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