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WAEC Commerce 1993 Question 24

Question 24

Government and Business

Which of the following statements is not true?

  1. A.Government does not nationalize businesses owned by its citizens
  2. B.Government nationalizes foreign businesses
  3. C.Government does not give nationalized industries to private owners
  4. D.Government nationalizes viable industries
  5. E.Public corporation are owned by the government.
Show the answer and explanation

Answer: A (Government does not nationalize businesses owned by its citizens)

Explanation

Government can take over any business, whether owned by citizens or foreigners, so A is false.