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Economics 2004 WAEC Past Questions

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11
An entrepreneur is likely to make more profits when
  • A. expenditure is more than revenue
  • B. competitors charge lower prices
  • C. costs per unit output falls
  • D. quantity of output reduces
View Answer & Discuss WAEC 2004
12
Natural growth rate is
  • A. birth rate less death rate
  • B. death rate less migration
  • C. death rate plus birth rate
  • D. birth rate plus migration
View Answer & Discuss WAEC 2004
13
A major effect of ageing population is
  • A. reduced labour force
  • B. rise in price of commodities
  • C. reduced infrastructures
  • D. neglect of agriculture
View Answer & Discuss WAEC 2004
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14
One of the problems associated with the middlemen in the distribution of goods is that he
  • A. buys in large quantities
  • B. hoards goods
  • C. grants credit to the retailers
  • D. sells varieties of goods
View Answer & Discuss WAEC 2004
15
The distribution of goods is said to be completed when it reaches the
  • A. wholesalers
  • B. consumers
  • C. retailers
  • D. manufacturers
View Answer & Discuss WAEC 2004
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts