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Economics Past Questions and Answers

Waec Economics Questions

Question 606:
In which of the following economic system is the consumer referred to as the king?
  • A Capitalist economy
  • B Socialist economy
  • C Communist economy
  • D Mixed economy
View Answer & Explanation
Question 607:
The dispersal of people in a country is called
  • A Mobility of people
  • B Geographical distribution
  • C Occupational distribution
  • D State distribution
View Answer & Explanation
Question 608:
In a country with ageing population , the total population
  • A Comprises young school leavers only
  • B Comprises mainly women
  • C Is increasing at a low rate
  • D Has reached the optimum level
View Answer & Explanation
Question 609:
Population growth can be controlled by all the following except
  • A Legalizing abortion
  • B Incentives on immigration
  • C Family planning
  • D Limiting number of children per family
View Answer & Explanation
Question 610:
Performance of one task in a production process is known as
  • A Specialization
  • B Standardization
  • C Division of labour
  • D Segmentation
View Answer & Explanation