WAEC Economics Past Questions & Answers - Page 167

831.
832.

An owner-manager of a firm can also be called

A.

A shareholder

B.

An entrepreneur

C.

An employer

D.

A chairman

Correct answer is B

No explanation has been provided for this answer.

833.

Mining is an example of

A.

Tertiary production

B.

Primary production

C.

Secondary production

D.

Advanced production

Correct answer is B

No explanation has been provided for this answer.

834.

The reward to capital as a factor of production is

A.

Rent

B.

Wage

C.

Interest

D.

Commission

Correct answer is C

No explanation has been provided for this answer.

835.

Which of the following tool of economic analysis is used when data contains more than one category?

A.

Bar charts

B.

Component bar charts

C.

Graphs

D.

Symbolical statement

Correct answer is B

No explanation has been provided for this answer.