Economics 2001 Waec Past Questions and Answers

Question 6 :

• WAEC 2001

Which of the following is the function of an entrepreneur?

A. Avoidance of risks
B. Decision making
C. Employment control
D. Organizing unions

Question 7 :

• WAEC 2001

The difference between the highest and lowest in a set of data is

A. Range
B. Median
C. Variance
D. Mode

Question 8 :

• WAEC 2001

In which of the following economic system is the consumer referred to as the king?

A. Capitalist economy
B. Socialist economy
C. Communist economy
D. Mixed economy

Question 9 :

• WAEC 2001

The dispersal of people in a country is called

A. Mobility of people
B. Geographical distribution
C. Occupational distribution
D. State distribution

Question 10 :

• WAEC 2001

In a country with ageing population , the total population

A. Comprises young school leavers only
B. Comprises mainly women
C. Is increasing at a low rate
D. Has reached the optimum level