Waec 2006 Economics Past Questions And Answers
A debenture holder is entitled to payment in the form of
- A. allowance
- B. interest
- C. salary
- D. donation
The policy of government to increase the supply of money to meet its own expenditure plans is likely to be
- A. speculative
- B. deflationary
- C. inflationary
- D. contractionary
The main difference between a private and a public enterprises is the
- A. amount of profit realized
- B. mode of operation
- C. objective of the business
- D. ownership structure
advertising expenses would not be necessary under perfect competition because
- A. consumers would have complete knowledge of goods
- B. cost of production would be at the maximum level
- C. every firm would enjoy the benefits of large scale production
- D. income of the consumers in the community would be high
(a) Explain the following strategies of industrialization:
(i) import substitution (ii) export promotion
(b) Highlight any four objectives of industrial development programmes in your country.
View Discussion (0)WAEC 2006 THEORYThe total amount of money raised by a company through issuance of shares to the public is
- A. debentures
- B. nominal capital
- C. ordinary shares
- D. paid-up capital
(a) What is an economic system?
(b) Outline any four features of a capitalist economy.
View Discussion (0)WAEC 2006 THEORYwhich of the following is not a reason for establishing public enterprises?
- A. discouraging investors
- B. opening up neglected parts of the country
- C. effective control of a natural monopoly
- D. rapid economic development
In the analysis of utility theory, the basis of demand is
- A. marginal utility
- B. average utility
- C. fixed utility
- D. diminishing utility
The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is
- A. total interest payment
- B. net income generated internally
- C. total national savings
- D. net income from abroad