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Economics Past Questions and Answers

Waec Economics Questions

Question 1626:
positive checks as envisaged by Thamos Malthus can be prevented if
  • A Date rate is reduced
  • B Marriage is abolished
  • C More hospitals are built
  • D More restraint is adopted
View Answer & Explanation
Question 1627:
which of the following factors is not a reason for farmer's unstable incomes
  • A Dependence on too many crops
  • B Poor storage facilities
  • C Adverse weather condition
  • D Recession in the world economy
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Question 1628:
local firms can help in reducing unemployment in a country when?
  • A Land acquisition becomes centralized
  • B Imports of substitutes are reduced
  • C Waste in the firm is eliminated
  • D Subsidies to firms are decreased
View Answer & Explanation
Question 1629:
an industry is described as a group of firms
  • A That provides jobs for many people
  • B Which uses advance technology in production
  • C Which produces similar products
  • D That provides jobs for few people
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Question 1630:
The largest component of national income in developing countries consist of?
  • A Profits
  • B Profit and rent
  • C Rent
  • D Wages and salaries
View Answer & Explanation