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Economics WAEC Past Questions

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1346

which of the following is not a method of controlling monopoly

  • A. preventing mergers
  • B. indigenization
  • C. privatization
  • D. imposing high profit tax
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1347

which of the following features distinguishes a public limited company from a private limited company

  • A. perpetual existence
  • B. limited liability
  • C. legal entity
  • D. sales of shares to the public
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1348

Inflation may occur if there is?

  • A. excess supply over demand
  • B. increase in productivity
  • C. excessive demand with limited supply
  • D. increased government spending in a depressed economy
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1349

Frictional unemployment occurs when?

  • A. there is a change in the technique of production
  • B. job seekers lack information where jobs exist
  • C. bad weather prevents work from progressing
  • D. job seekers have disabilities
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1350

which of the following will increase the demand for labour

  • A. Increase wage rate
  • B. labour's demand for output
  • C. low wage rate
  • D. low marginal productivity
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