Waec 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Waec Economics examination. This question covers Economics .

Waec 2024 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 5 WAEC • 2024 • ECONOMICS • objective

A major feature of the socialist economic system is A. setting of production targets by public authorities. B. freedom of choice for consumers. C. determination of price by market forces. D. private ownership of productive inputs.

Answer Options

Correct Answer A. setting of production targets by public authorities.
B. freedom of choice for consumers.
C. determination of price by market forces.
D. private ownership of productive inputs.
Correct Answer
A
Correct Option:
setting of production targets by public authorities.

About This Question

This is Waec 2024 Economics Question 5. It is one of the objective questions from the 2024 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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