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Economics Past Questions and Answers

Waec Economics Questions

Question 1231:

Natural growth rate of population can be defined as the

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A Difference between birth rate and death rate
B Number of births in a year
C Increase in the population growth in a year
D Difference between the total population and the death rate

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Question 1232:

which of the following is not a consequence of increased unemployment?

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A A fall in tax revenue for the government
B A reduction in trade union's influence
C A fall in death rate
D An increase in the labour force

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Question 1233:

The following are features of subsistence agriculture except

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A Little capital
B Processing of raw materials
C Small allotments of land
D Use of crude oil

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Question 1234:

Which of the following is not true of small companies ? they

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A Cannot benefit from economies of scale
B Are a good source of new jobs
C Can satisfy demand in specialist markets
D Have a good record of technical innovation

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Question 1235:

The effect of privatization on the industrial sector of a country is that it

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A Ensures efficiency
B Discourages efficiency
C Leads to decrease in output
D Leads to liquidation

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