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Monday, 09 November 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 251:
Robert T. Malthus postulated in his population theory that
  • A The death rate may become so high that people may not survive
  • B People will eventually stop having children
  • C People will migrate from one place to another in search of food
  • D Posititve efforts should be made to increase population
  • E Population growth rate may out-grow the means of subsistence
View Answer & Explanation
Question 252:
Division of labour may be restricted when
  • A An ailing economy has improved
  • B Producers live in villages
  • C Market is small
  • D There is full employment
  • E There is inflation
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Question 253:
Land is often distinguished as a factor of production because it
  • A Is a free gift of nature
  • B Constitutes one-third of the entire world
  • C Is unlimited in supply
  • D Is owned by individuals
  • E Is owned by government
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Question 254:
which of the following is an advantage of division of labour? It
  • A Saves time
  • B Make possible the sue of machine
  • C Is monotonous
  • D Leads to specialization
  • E Aids the development of skills
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Question 255:
the location of timber and plywood industries in West Africa is mainly influenced by the
  • A Avilability of transport
  • B Good climate
  • C Availability of power supply
  • D Adequate labour supply
  • E Presence of a luxuriant forest
View Answer & Explanation