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Economics 2004 WAEC Past Questions

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21
one main benefit of partnership is
  • A. the possibility of raising funds on the stock exchange
  • B. the possibility of attracting twenty one or more members
  • C. that members can specialize in various functions
  • D. that it enjoys its own separate legal entity
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22
Joint ventures are partnerships involving
  • A. the poor and the rich
  • B. employers and workers
  • C. government and private investors
  • D. multinationals and individuals
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23
The value of money is best determined by
  • A. input-output ratio
  • B. the purchasing power
  • C. the importance people attach to it
  • D. economies of scale
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24
Which of the following will be an effect of inflation?
  • A. wage earners will gain
  • B. borrowing of money will be restricted
  • C. money lenders will gain
  • D. borrowers of money will gain
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25
Government can control inflation by
  • A. printing more money
  • B. reducing the rate of taxes
  • C. reducing the level of expenditures
  • D. establishing more banks
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