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Economics Past Questions and Answers

Waec Economics Questions

Question 1341:

Post harvest losses in West African countries can be reduced if

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A The land tenure system could be reformed
B More irrigation schemes could be provided
C Better storage facilities could be provided
D Erosion is controlled

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Question 1342:

Which of the following best explains what to produce?

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A How much goods are to be produced
B The combination of resources to be used
C Which goods and services to be produced
D How many wants are to be satisfied

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Question 1343:

The demand for money is described as a

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A Competitive demand
B Joint demand
C Derived demand
D Composite demand

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Question 1344:

Which of the following is the main outcome of a trade union's interference with the wage rate? Wages are

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A Lowered but more employment opportunities are created
B Lowered but employment level remains unchanged
C Increased and employment levels are unchanged
D Increased but employment levels are reduced

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Question 1345:

The introduction of tariffs and quotas

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A Reduce th prices of imports
B Increase the demand for locally made goods
C Discourage domestic industries from becoming more efficient
D Reduce the prices of locally made goods

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