Economics Past Questions And Answers
1741
In a joint-stock company the shareholders are the
- A. owners
- B. managers
- C. chief executives
- D. company advisers
1742
Describe the factors that can affect the size of a country's population.
View Discussion (0)WAEC 1991 THEORY1743
Government can increase farmers' incomes by__________
- A. Fixing maximum prices.
- B. Fixing minimum prices.
- C. Encouraging them to produce surplus output.
- D. Increasing taxes on inputs.
1744
A market where there are many differentiated products is called?
- A. monopoly
- B. perfect competition
- C. monopolistic competition
- D. oligopoly
1745
Which of the following is central to the definition of Economics?
- A. resources
- B. wants
- C. scarcity
- D. capital
1746
a factor that has slowed down the rate of industrial development in West Africa is
- A. inadequate technology
- B. increasing rate of manpower production
- C. increased demand for local goods
- D. intervention of the government in business activities
1747
The capital market is a market for trading of financial assets such as?
- A. bankers' acceptances
- B. treasury bills
- C. long-term securities
- D. commercial papers
1748
Which of the following shows why individual demand curve for a good usually slopes downward from left to right?
- A. More of commodities are offered for sale at a lower than higher prices
- B. Marginal utility falls as consumption increases
- C. The higher the price, the higher the quantity offered for sale
- D. Prices are usually falling when demand is low
1749
The age distribution of a country's population is of economic importance because it affects the?
- A. pattern of expenditure
- B. size of the army
- C. optimum size of firms
- D. location of industries
1750
One of the factor that may not promote industrial development is
- A. local firms entering into partnerships with foreign firms
- B. granting capital to firms at reasonable interest rates
- C. setting up industrial estates with modern amenities
- D. granting old firms tax exemptions