Search SchoolNGR

Economics Past Questions and Answers

Waec Economics Questions

Question 1676:

Farm produce are graded, packed and distributed by

SchoolNGR Classroom

A Purchasing co=operatives
B Agricultural co-operative banks
C Consumer co-operative society
D Marketing co-operatives
E Wholesale co-operatives

View Answer & Explanation

Question 1677:

Localization of industries is

SchoolNGR Classroom

A The industrialization of a country
B The concentration of the firm of an industry in a particular area
C The location of a firm at a particular locality
D The economic development of a locality
E Governement intervention in the location of industries

View Answer & Explanation

Question 1678:

Which of the following correctly illustrates the chain of distribution?

SchoolNGR Classroom

A Manufacturer -> wholesaler -> retailer consumer
B Consumer -> retailer -> wholesaler -> manufacturer
C Wholesaler -> manufacturer -> retailer -> consumer
D Distributor -> consumer -> wholesaler -> manufacturer
E Producer -> manufacturer -> wholesaler -> retailer

View Answer & Explanation

Question 1679:

The natural growth rate of a population is the

SchoolNGR Classroom

A Death rate plus net immigration
B Rate of migration divided by birth rate
C Birth rate minus death rate
D Sum of birth rate and net immigration rate
E Sum of birth rate and death rate

View Answer & Explanation

Question 1680:

Decreasing returns to scale implies ta if all factors of production are doubled, output will be

SchoolNGR Classroom

A More than doubled
B Less than doubled
C Doubled
D Unchanged
E Trebled

View Answer & Explanation

Stay Updated

Follow us on:

Subjects