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226

a situation of full employment exist when

  • A. every adult is employed
  • B. all adults who can work are employed
  • C. all persons who have attained the age of 15 years and above are employed
  • D. only the disabled are not employed
  • E. all those who are able and eligible to work are employed
View Answer & Discuss (2) WAEC 1994
227
which of the following function of money makes it possible for any person to provide for old age?
  • A. medium of exchange
  • B. stores of value
  • C. measures of value
  • D. unit of account
  • E. standard for deferred payment
View Answer & Discuss WAEC 1994
228
The primary objective of Agricultural Credit Guarantee Scheme is the provision of
  • A. guarantee for loans granted by by banks for agricultural purposes
  • B. agricultural inputs to facilitate credits from banks
  • C. loans for every farmer
  • D. agricultural products for farmers
  • E. credit for farmers
View Answer & Discuss WAEC 1994
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229
which of the following is not an advantage of localization of industries ?
  • A. enjoyment of externa economies
  • B. development of subsidiary industries
  • C. development of organized markets
  • D. growth of conurbation
  • E. growth of farms
View Answer & Discuss (1) WAEC 1994
230
Which of the following is not an advantage of government ownership of enterprises?
  • A. more capital is provided
  • B. pricing policy may be in the interest of consumers
  • C. Government workers may be indifferent towards the public
  • D. infrastructure are rapidly developed
  • E. incomes may be more evenly distributed
View Answer & Discuss WAEC 1994
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