Waec Economics 1999 Past Questions and Answers

Question 36:

• WAEC 1999

The population which yields the highest level of income per head is known as

A. Over-population
B. Under-population
C. Extreme population
D. Optimum population

Question 37:

• WAEC 1999

Price discrimination can only occur when there is

A. Perfect competiton
B. Imperfect competition
C. A merge
D. Partnership

Question 38:

• WAEC 1999

Commodity market can best be described as a market in which

A. Goods are sold
B. Labour is sold and bought
C. Short-term loans are obtained
D. Quoted stocks are bought

Question 39:

• WAEC 1999

Provision of services is classified under

A. Primary production
B. Secondary production
C. Tertiary production
D. Production possibilities

Question 40:

• WAEC 1999

In ordinary partnership, the risks are

A. Borne by the workers
B. Borne by the creditors
C. Shared among the partners
D. Undertaken by the active partners