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Economics Past Questions and Answers

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Waec Economics Questions

Question 1386:

Livestock production in West Africa is hindered mainly by

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A Inadequate demand
B Use of traditional implements
C Land tenure system
D Pests and diseases

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Question 1387:

The components of a three-sector economy are

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A Banks, schools and hospitals
B Workers, producers and marketers
C Households, firms and the government
D Producers, retailers and wholesalers

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Question 1388:

A declining population is one in which the population is

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A Experiencing a high rate of emigration
B Made up of large number of old people
C Not producing enough goods
D Not contributing enough to the national income

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Question 1389:

Which of the following agencies help to stabilize farmers' income?

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A Local government authorities
B Trade unions
C Marketing boards
D Co-operative organizations

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Question 1390:

Other things being equal, an increase in supply will lead to

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A A fall in price and an increase in quantity bought and sold
B An increase in price and increase in quantity bought and sold
C A fall in price and a fall in quantity bought and sold
D An increase in quantity supplied and demanded only

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