WAEC Economics Past Questions & Answers - Page 164

816.

The 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

Correct answer is C

No explanation has been provided for this answer.

817.

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

Correct answer is C

No explanation has been provided for this answer.

818.

A debenture holder is entitled to payment in the form of

A.

Allowance

B.

Interest

C.

Salary

D.

Donation

Correct answer is B

No explanation has been provided for this answer.

819.

The mechanism which allows the price of a commodity to be fixed either above or below the equilibrium is known as

A.

Monopolistic competition

B.

Price discrimination

C.

Perfect competitive market

D.

Price control

Correct answer is D

No explanation has been provided for this answer.

820.

The market price of a commodity is normally determined by the

A.

Law of demand

B.

Interaction of the force of demand and supply

C.

Total number of people in the market

D.

Total quantity of the commodity in the market

Correct answer is B

No explanation has been provided for this answer.