Waec Economics 2003 Past Questions and Answers

Question 16:

• WAEC 2003

The term underpopulation refers to a situation where the population is

A. Disperesed over the country
B. Small in relation to available resources
C. Greater than the available resources
D. Concentrated in a few areas

Question 17:

• WAEC 2003

West African countries experience rapid population growth due to

A. Existence of birth control clinics
B. Early marriages
C. Adequate sex education in schools
D. Late marriages

Question 18:

• WAEC 2003

which of the following could be used to measure the efficiency of labour?

A. Education and training
B. Rate of inflation
C. Level of unemployment
D. Input-output ratio

Question 19:

• WAEC 2003

which of the following is necessary for the survival of small firms in West Africa?

A. Acess to loand for development
B. Inadequate collaterals for bank loans
C. Government assistants in form of loans and tax holidays
D. High transportation cost

Question 20:

• WAEC 2003

A normal demand curve slopes

A. Downward from left to right
B. Upwards from left to right
C. Downwards from right to left
D. Upwards from the origin