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Economics 2015 WAEC Past Questions

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31

location of firms of an industry is not influenced by?

  • A. availability of raw material
  • B. existence of other firms
  • C. nearness to the source of money supply
  • D. government policy
View Answer & Discuss (3) WAEC 2015
32

In national income accounting, the term ''net'' is used to indicate that a value-----

  • A. includes income of foreigners
  • B. includes income of citizens
  • C. includes depreciation
  • D. excludes depreciation
View Answer & Discuss (1) WAEC 2015
33

which of the following best describes token money?

  • A. money in the vaults of commercial banks
  • B. currency and coins in circulation
  • C. money with face value higher than its material content
  • D. coins and notes made of poor quality material
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34

In developing countries, a larger percentage of the labour force is employed in the

  • A. trade sector
  • B. tertiary sector
  • C. primary sector
  • D. secondary sector
View Answer & Discuss WAEC 2015
35

An industry is best described as 

  • A. firm that sells a set of closely related commodities
  • B. a factory that produces different lines of product
  • C. a group of firms that sells a closely related set of products
  • D. industrial concern that is into production and selling of goods
View Answer & Discuss (5) WAEC 2015
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