WAEC Past Questions and Answers - Page 3638

18,186.

The power of trade union may be weakened when there is

A.

Optimum population

B.

A weak government in power

C.

Over population

D.

A civilian government in power

E.

Under-population

Correct answer is C

No explanation has been provided for this answer.

18,187.

An appropriate industrialization strategy in an under-populated country is

A.

Import substitution

B.

Capital intensive

C.

The contract method

D.

The use of foreigners in the factories

E.

Labour intensive

Correct answer is B

No explanation has been provided for this answer.

18,188.

The distribution of goods by the price system is distorted when

A.

There is a high degree of competition among producers

B.

Producers and consumers operate freely

C.

Factors of production are mobile

D.

No allowance is made for social costs and social benefits

E.

There is price control measure in the system

Correct answer is E

No explanation has been provided for this answer.

18,189.

In a joint-stock company, the shareholders are the

A.

Owners

B.

Managers

C.

Chief executives

D.

Company advisers

E.

Day-to-day decision makers

Correct answer is A

No explanation has been provided for this answer.