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Economics Past Questions

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3531

The form of capital that is required for the day-to-day running of production activities is called?

  • A. Fixed capital
  • B. Social Capital
  • C. Circulating capital
  • D. Liquid capital
View Answer & Discuss (2) JAMB 2018
3532

Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?

  • A. Partnership
  • B. Sole proprietorship
  • C. Public limited liability company
  • D. Private limited liability company
View Answer & Discuss JAMB 2018
3533

Utility is the satisfaction derived from____________

  • A. Production
  • B. Distribution
  • C. Consumption
  • D. Demand
View Answer & Discuss (7) JAMB 2018
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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3534

The main concern of economists is to________-

  • A. Control the growth of population
  • B. Redistribute income between the rich and poor
  • C. Satisfy all human wants
  • D. Allocate scarce resources to satisfy human wants
View Answer & Discuss JAMB 2018
3535

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

  • A. International monetary Fund
  • B. Countries with comparative advantage
  • C. Countries with superlative advantage
  • D. Countries producing same or identical goods
View Answer & Discuss JAMB 2018
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC offline past questions - with all answers and explanations in one app - Download for free