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Economics 2015 WAEC Past Questions

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21

which of the following business organisations is likely to experience disagreements between management and shareholders

  • A. co-operative society
  • B. sole trader
  • C. partnership
  • D. joint-stock company
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22

which of the following is not a method of controlling monopoly

  • A. preventing mergers
  • B. indigenization
  • C. privatization
  • D. imposing high profit tax
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23

which of the following features distinguishes a public limited company from a private limited company

  • A. perpetual existence
  • B. limited liability
  • C. legal entity
  • D. sales of shares to the public
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24

Inflation may occur if there is?

  • A. excess supply over demand
  • B. increase in productivity
  • C. excessive demand with limited supply
  • D. increased government spending in a depressed economy
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25

Frictional unemployment occurs when?

  • A. there is a change in the technique of production
  • B. job seekers lack information where jobs exist
  • C. bad weather prevents work from progressing
  • D. job seekers have disabilities
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