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Economics Past Questions

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3566

in the the longrun, a firm must shut down if its average revenue is?

  • A. greater than average cost
  • B. less than average variable cost
  • C. equal to the minimum average cost
  • D. equal to the average cost
View Answer & Discuss WAEC 2018
3567

public limited liability companies are democratic in nature because?

  • A. government appointees are members of the board
  • B. they are run by elected public officers
  • C. electoral principles are adopted in the day-to-day management
  • D. shareholders elect the board of directors
View Answer & Discuss WAEC 2018
3568

in the event of bankruptcy owners of joint-stock companies lose?

  • A. their private properties
  • B. both company and private properties
  • C. only the capital invested
  • D. only their dividends
View Answer & Discuss WAEC 2018
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3569

wholesalers play an important role in the distribution of goods and services because they?

  • A. are located very close to consumers
  • B. finance both producers and retailers
  • C. pass information on from retailers to consumers
  • D. sell in small units to consumers
View Answer & Discuss WAEC 2018
3570

if workers at the school canteen sell during the holidays, this is an example of?

  • A. structural unemployment
  • B. frictional unemployment
  • C. seasonal unemployment
  • D. residual unemployment
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