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Economics 2006 WAEC Past Questions

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21
The main difference between a private and a public enterprises is the
  • A. amount of profit realized
  • B. mode of operation
  • C. objective of the business
  • D. ownership structure
View Answer & Discuss (5) WAEC 2006
22
The total amount of money raised by a company through issuance of shares to the public is
  • A. debentures
  • B. nominal capital
  • C. ordinary shares
  • D. paid-up capital
View Answer & Discuss WAEC 2006
23
buying and selling of shares is a function performed mostly by the
  • A. insurance companies
  • B. stock exchanges
  • C. merchant banks
  • D. discount houses
View Answer & Discuss WAEC 2006
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24
which of the following is not a reason for establishing public enterprises?
  • A. discouraging investors
  • B. opening up neglected parts of the country
  • C. effective control of a natural monopoly
  • D. rapid economic development
View Answer & Discuss WAEC 2006
25
For a monopolist, the average revenue (AR) curve is
  • A. above the total curve
  • B. the same as the marginal cost curve
  • C. above the marginal revenue curve
  • D. the same as that of the perfect competitor
View Answer & Discuss WAEC 2006
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