Economics 1996 Waec Past Questions and Answers

Question 6 :

• WAEC 1996

Subsistence agriculture means

A. Cultivation for external use
B. Cultivation for local industries
C. Farming for the urban dwellers
D. Cultivation for household consumption
E. Cultivation for foreign currency

Question 7 :

• WAEC 1996

Farm produce are graded, packed and distributed by

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

Question 8 :

• WAEC 1996

Localization of industries is

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

Question 9 :

• WAEC 1996

Which of the following correctly illustrates the chain of distribution?

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

Question 10 :

• WAEC 1996

The natural growth rate of a population is the

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