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Economics WAEC Past Questions

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956
Greater inter-dependence among workers in production is associated with
  • A. utility
  • B. manufacturing
  • C. division of labour
  • D. factory workers
View Answer & Discuss WAEC 2010
957
If TC, FC and VC represent total cost, fixed cost and variable cost respectively, which of the following is correct?
  • A. TC = FC - VC
  • B. FC = TC + VC
  • C. TC > FC + VC
  • D. TC = FC + VC
View Answer & Discuss (1) WAEC 2010
958
The reward to land as a factor of production is
  • A. profit
  • B. rent
  • C. interest
  • D. wage
View Answer & Discuss WAEC 2010
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959

A firm is said to be a public joint stock company when it

  • A. is owned by the government
  • B. sells its shares to members of the public
  • C. operates as a government corporation
  • D. is not legally recognized as a firm
View Answer & Discuss WAEC 2010
960

All the following are source of finance to a joint stock company except

  • A. debentures
  • B. cooperative loans
  • C. shares
  • D. bank loans
View Answer & Discuss WAEC 2010
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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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