Economics WAEC Past Questions

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531

Industries are not sited in most rural areas of Nigeria because ?

A. of inadequate basic infrastructure
B. they lack raw materials
C. there is no appropriate government policy
D. the climate is not conducive

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532

Which of the following business units can issue shares?

A. Sole trader
B. private limited companies
C. Central Banks
D. Super market

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533

When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being

A. indigenized
B. restructured
C. privatized
D. commercialized

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534

which of the following is not a trade union in Nigeria?

A. Nigerian Labour Congress
B. Academic Staff Union of Universities
C. Nigerian Ecoonomic Society
D. Nigerian Union of Journalists

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535

The monopolist power can be controlled by the government through

A. labour union
B. price legislation
C. import restrictions
D. export promotion

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