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Economics Past Questions and Answers

Waec Economics Questions

Question 1166:

Which of the following does not explain why a school principal earns more salary than a school messenger?

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A Lenght of training
B Demand and supply
C Cost of training
D The messenger is a non-teaching staff

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Question 1167:

The role of government in promoting agricultural development includes the following except

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A Paying the wages of farmers
B Establishing and funding research
C Formulation of policies
D Provision of rural infrastructures

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Question 1168:

The following are advantages of large scale agriculture except

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A Use of simple implements
B Use of sophisticated implements
C Increase in employment
D Integration of crops and animal farming

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Question 1169:

The following are all factors determining the location of industry except

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A Minimum wage rate
B Availability of labour
C Nearness of raw materials
D Proximity to the market

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Question 1170:

Which of the following is not a concept in National Income Accounting?

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A Domestic National Products (DNP)
B Gross National Product (GNP)
C Gross Domestic Product (GDP)
D Net Domestic Product (NDP)

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