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Economics Past Questions and Answers

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Waec Economics Questions

Question 286:

a situation of full employment exist when

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A Every adult is employed
B All adukts who can work are employed
C All persons who have attained the age of 15 years and above are employed
D Only the disabled are not employed
E All those who are able and eligible to work are employed

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Question 287:

which of the following function of money makes it possible for any person to provide for old age?

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A Medium of exchange
B Stores of value
C Measures of value
D Unit of account
E Standard for deferred payment

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Question 288:

The primary objective of Agricultural Credit Guarantee Scheme is the provision of

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A Guarantee for loans granted by by banks for agricultural purposes
B Agricultural inputs to facilitate credits from banks
C Loans for every farmer
D Agricultural products for farmers
E Credit for farmers

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Question 289:

which of the following is not an advantage of localization of industries ?

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A Enjoyment of externa economies
B Development of subsidiary industries
C Development of organized markets
D Growth of conurbation
E Growth of farms

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Question 290:

Which of the following is not an advantage of government ownership of enterprises?

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A More capital is provided
B Pricing policy may be in the interest of consumers
C Government workers may be indifferent towards the public
D Infrastructure are rapidly developed
E Incomes may be more evenly distributed

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