Waec Economics 1999 Past Questions and Answers

Question 46:

• WAEC 1999

The reward for capital is

A. Interest
B. Rent
C. Risk premium
D. Premium

Question 47:

• WAEC 1999

Infant industries are industries that

A. Deals in the production of infant books
B. Are in their earlier stage of production
C. Produce dresses for infants
D. Are well established

Question 48:

• WAEC 1999

The most common form of business enterprise in West Africa is the

A. Sole proprietorship
B. Co-operative
C. Partnership
D. Joint stock company

Question 49:

• WAEC 1999

in order to boost agriculture, West African countries should pay more attention to

A. Shifting cultivation
B. Animal husbandry
C. Seed multiplication
D. Mechanization

Question 50:

• WAEC 1999

Gross National Product (GNP) less depreciation is known as

A. Gross Domestic Products
B. Gross National Income
C. Fixed National Income
D. Net National Income