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Economics 2008 WAEC Past Questions

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16

Revenue is the

  • A. cost of good multiplied by the quantity sold
  • B. price of goods multiplied by the quantity sold
  • C. quantity of goods plus purchase price
  • D. quantity supplied less quantity sold
View Answer & Discuss WAEC 2008
17

A business outfit is said to be a public limited company when it

  • A. is owned by the government
  • B. operates as a public corporations
  • C. is run by the public
  • D. sells its shares to members of the public
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18

The main characteristics of an ordinary shares are

  • A. maximum risk, fixed dividends, voting rights
  • B. minimum risks, fixed dividends, no voting rights
  • C. maximum risks, variable dividends, voting rights
  • D. minimum risks. fixed dividends, no voting rights
View Answer & Discuss WAEC 2008
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19
the monopolist can determine
  • A. price and output
  • B. price only
  • C. output only
  • D. price or output
View Answer & Discuss (6) WAEC 2008
20
A market situation with a larger number of firms selling closely related but, differentiated products is
  • A. monopolistic competition
  • B. perfect competition
  • C. monopoly
  • D. monopsony
View Answer & Discuss WAEC 2008
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