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Economics Past Questions and Answers

Waec Economics Questions

Question 1516:

Which of the following will encourage capital intensive farming

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A Encouraging communal system of land ownership
B Adopting policies that will encourage rural-urban migration
C Provision of subsidies on equipment
D Restrictive lending policies by banks

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Question 1517:

Which of the following best explains why more foreign investments are not attracted to West Africa

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A Small population size
B Small sizes of market places
C Instability in political and industrial policies
D Lack of manpower needed to work in industries

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Question 1518:

Location of firm in rural areas may

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A Enable the firm to enjoy existing infrastructural facilities
B Make finance readily avalaible
C Enhance even or balanced development
D Make such firm enjoy external economics of scale

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Question 1519:

International income accounting, double counting occurs when

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A Intermediate goods are counted twice
B Intermediate goods are counted with the final goods
C Final goods are counted more than twice
D Different people count the products

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Question 1520:

The difference between GDP and GNP

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A Consumption of fixed capital
B Indirect business tax
C Net factor income from abroad
D Public transfer payment

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