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Economics WAEC Past Questions

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721
One-man business are popular in West Africa because of all the following except the
  • A. ease of entry
  • B. small capital required
  • C. limited enterpreneur skills needed
  • D. tendency to become joint-stock compsnies
View Answer & Discuss WAEC 2005
722
Wholesalers are often criticized because they
  • A. help to break the bulk
  • B. finance producers
  • C. increase prices
  • D. provide after-sales services
View Answer & Discuss WAEC 2005
723
In which of the following business units are the owners mostly customers?
  • A. co-operatives
  • B. limited liability companies
  • C. partnerships
  • D. public corporations
View Answer & Discuss WAEC 2005
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724
information about new goods is passed on to buyers through
  • A. advertising
  • B. retail trade
  • C. the manufacturer
  • D. wholesale trade
View Answer & Discuss WAEC 2005
725
The profit of the producers can be calculated as the
  • A. total cost less total revenue
  • B. average revenue less average cost
  • C. total revenue less total cost
  • D. marginal revenue less marginal cost
View Answer & Discuss WAEC 2005
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