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141
The productivity of labour does not depend only o its own effort and efficiency, but also on I the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have good physique and be very active . Which of the above statements is /are correct?
  • A. I only
  • B. I and II only
  • C. I and III only
  • D. II and III only
  • E. III only
View Answer & Discuss (1) WAEC 1991
142
A tax is said to be good when
  • A. it yields more revenue to the state at the expense of the people's ability to pay
  • B. the cost of collecting it is equal to the revenue it generates
  • C. it is imposed so suddenly that no one can dodge its payment
  • D. its payment causes minimum incovenience to the tax payer
  • E. it induces workers to prefer more leisure to extra work
View Answer & Discuss (1) WAEC 1991
143
Which of the following is a public corporation?
  • A. Roads (Nigeria) Plc
  • B. National Oil and Chemical Marketing Co. Plc
  • C. Union Bank of Nigeria Plc
  • D. Volkswagen of Nigeria Plc
  • E. National Electric Power authority
View Answer & Discuss WAEC 1991
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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144
In a sole proprietorship decisions are made by the
  • A. government
  • B. owner
  • C. shareholder's conference
  • D. management
  • E. board of directors
View Answer & Discuss WAEC 1991
145
Which of the following statements is not true in an inflationary period?
  • A. the purchasing power diminishes
  • B. Wages rise simultaneously with prices
  • C. More money runs after a limited quantity of goods
  • D. Fixed income earners lose
  • E. Aggregate real demand exceeds aggregate real supply
View Answer & Discuss (1) WAEC 1991
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