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1086
In Economics , a market is defined as any
  • A. agreement made for consumers to buy all they need
  • B. ngement made for producers sell all their goods
  • C. agreement to sell commodities at low prices
  • D. arrangement whereby the buyers and sellers are in contact
View Answer & Discuss WAEC 2013
1087
Which of the following is not a function of an insurance company?
  • A. pooling resources together against risks
  • B. Mobilization of funds through premiums collected
  • C. Encouragement of investment by security of capital
  • D. collection of deposits from the public for investment
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1088

A debenture holder earns

  • A. commission
  • B. profits
  • C. fixed interest
  • D. quasi-rent
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1089
All economic systems must decide what to produce because
  • A. resources are not available
  • B. consumers want maximum satisfaction
  • C. resources are limited in supply
  • D. producers want maximum profit
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1090
Trade between two countries is known as
  • A. bilateral trade.
  • B. bilateria trade
  • C. multilateral trade
  • D. internal trade
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