Waec Economics Past Questions For Year 2006
Question 41
The amount of satisfaction obtained from the consumption of a commodity at a particular time is called
- A. marginal utility
- B. diminishing return
- C. total utility
- D. average utility
Question 42
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
Question 43
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
Question 44
A debenture holder is entitled to payment in the form of
- A. allowance
- B. interest
- C. salary
- D. donation
Question 45
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
