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Economics Past Questions and Answers

Waec Economics Questions

Question 1281:
The factor of production which takes the initiative in combining resources for production is known as
  • A Capital
  • B Land
  • C Entrepreneur
  • D Labour
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Question 1282:
The type of monopoly that develops as a result of granting patent right is known as
  • A Natural monopoly
  • B State monopoly
  • C Legal monopoly
  • D Discriminating monopoly
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Question 1283:
Which of the following is a function of a retailer?
  • A Banking services
  • B Hoarding services
  • C Storage services
  • D Sales services
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Question 1284:
`The difference between the number of immigrants and emigrants is
  • A Natural growth rate
  • B Natural increase
  • C Net migration
  • D Census
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Question 1285:
All of the following is the features of optimum population except
  • A Full employment of available resources
  • B Unlimited amount of unexploited resources
  • C Maximum per capita production and income
  • D High standard of living
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