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Economics WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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816
The main objective of privatizing a government business is to
  • A. create additional employment
  • B. increase expenditure
  • C. source for new funds
  • D. increase the level of efficiency
View Answer & Discuss WAEC 2007
817
the return of investment that is just sufficient to satisfy the owner of a business is called?
  • A. economic profit
  • B. business profit
  • C. normal profit
  • D. excess profit
View Answer & Discuss WAEC 2007
818
which of the following is a middleman in the chain of distribution?
  • A. An entrepreneur
  • B. a producer
  • C. a banker
  • D. a retailer
View Answer & Discuss (5) WAEC 2007
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819
A negative effect of the presence of a large number of middlemen in the distributive network is
  • A. greater variety of goods
  • B. greater quality of goods
  • C. lower price of goods
  • D. higher price of goods
View Answer & Discuss WAEC 2007
820
An example of a producer goods is a
  • A. tin of milk
  • B. hammer
  • C. loaf of bread
  • D. shirt
View Answer & Discuss (1) WAEC 2007
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