Search SchoolNGR

Economics Past Questions and Answers

Waec Economics Questions

Question 731:

The market supply curve slopes upwards from left to right indicating that

SchoolNGR Classroom

A At a lower price more is supplied
B Two commodities can be supplied at the same time
C At a lower price, less is supplied
D Producers pay high taxes

View Answer & Explanation

Question 732:

The term underpopulation refers to a situation where the population is

SchoolNGR Classroom

A Disperesed over the country
B Small in relation to available resources
C Greater than the available resources
D Concentrated in a few areas

View Answer & Explanation

Question 733:

West African countries experience rapid population growth due to

SchoolNGR Classroom

A Existence of birth control clinics
B Early marriages
C Adequate sex education in schools
D Late marriages

View Answer & Explanation

Question 734:

which of the following could be used to measure the efficiency of labour?

SchoolNGR Classroom

A Education and training
B Rate of inflation
C Level of unemployment
D Input-output ratio

View Answer & Explanation

Question 735:

which of the following is necessary for the survival of small firms in West Africa?

SchoolNGR Classroom

A Acess to loand for development
B Inadequate collaterals for bank loans
C Government assistants in form of loans and tax holidays
D High transportation cost

View Answer & Explanation

Stay Updated

Follow us on:

Subjects