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Economics Past Questions

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4186

Which of the following means of funding a business is very reliable and cheap?

  • A. Bank loans
  • B. Loans from friends
  • C. Plough back profits
  • D. Debentures
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4187

Govermment in most cases influences the location of firms to 

  • A. discourage private investors
  • B. ensure equitable distribution
  • C. reduce the cost of production
  • D. make the firms enjoy economies of scale
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4188

Middlemen are made up of

  • A. manufacturers, wholesalers, and consumers
  • B. manufacturers, wholesalers, and retailers
  • C. wholesalers, retailers and hawkers
  • D. wholesalers, retailers, and consumers
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4189

Malthusian theory of population was proved wrong because

  • A. the practice of subsistence farming was encouraged
  • B. developing countries adopted birth control method
  • C. new lands and new methods of production were discovered
  • D. Malthus view was seen as an exaggeration
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4190

Human development can be improved if

  • A. banks give more loans to businessmen
  • B. large family sizes are encouraged
  • C. general education and training are encouraged
  • D. it is handled by the private sector only
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free