Waec Economics 1995 Past Questions and Answers

Question 21:

• WAEC 1995

Malthus observed in his theory that population was growing

A. At a regular rate
B. In arithmetical progression
C. In geometrical progression
D. In mathematical progression
E. In trigonometrical progression

Question 22:

• WAEC 1995

At optimum population level, a country has its

A. Maximum population
B. Ageing population
C. Highest birth rate
D. Highest output per heade
E. Lowest death rate

Question 23:

• WAEC 1995

Which of the following does not give a characteristics of money?

A. Durable
B. Portable
C. Divisible into small units
D. Generally acceptable
E. Medium of exchange

Question 24:

• WAEC 1995

Which of the following constitute the major components of money supply in a development economy?

A. Demand deposits
B. Paper money
C. Bank drafts
D. Coins
E. Time deposits

Question 25:

• WAEC 1995

A point along a consumer's indifference curve shows

A. The difference commodities he can consume
B. A combination of all commodities he is willing to buy
C. A combination of two commodities from which he derive the same satisfaction
D. The quantity of commodities demanded by him
E. The difference between quantity supplied and quantity demanded