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Economics Past Questions and Answers

Waec Economics Questions

Question 446:

The power of trade union may be weakened when there is

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A Optimum population
B A weak government in power
C Over population
D A civilian government in power
E Under-population

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Question 447:

Malthus' contention is that

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A Population increase in arithmetic progression while food production increased in geometric progresion
B Population increased in geometric progression whil food production increased in arithmetic progression
C Population and food growth rate will, in future, be at par
D Nations have to get enough manpower to cultivate available land for food
E Output from agriculture decreased as more and more of the poorer lands were brought into cultivation

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Question 448:

The problem of small markets in West Africa can be solved through

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A Separate planning among the West African countries
B Meaningful- co-operation among the West African countries
C Political stability in West Africa
D Imposing of high tarrifs on West African exports
E The central banks of West African countries

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Question 449:

An imperfect competitor is in equilibrium when

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A Marginal cost (MC) is equal to Marginal Revenue (MR)
B Marginal Revenue (MR) equal to Price (P)
C Average Revenue(AR) is equal to Average Cost (AC)
D Output (Q) is equal to Average Revenue (AR)
E Average Revenue (AR) is equal to Marginal Revenue (MR)

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Question 450:

Which of the following is used to measure inflation?

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A Opem market operation
B Cash-deposit ratio
C Price index
D Multiplier
E Fiscal policy

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