Economics 2011 Waec Past Questions and Answers

Question 31 :

• WAEC 2011

which of the following is not a consequence of increased unemployment?

A. A fall in tax revenue for the government
B. A reduction in trade union's influence
C. A fall in death rate
D. An increase in the labour force

Question 32 :

• WAEC 2011

The following are features of subsistence agriculture except

A. Little capital
B. Processing of raw materials
C. Small allotments of land
D. Use of crude oil

Question 33 :

• WAEC 2011

Which of the following is not true of small companies ? they

A. Cannot benefit from economies of scale
B. Are a good source of new jobs
C. Can satisfy demand in specialist markets
D. Have a good record of technical innovation

Question 34 :

• WAEC 2011

The effect of privatization on the industrial sector of a country is that it

A. Ensures efficiency
B. Discourages efficiency
C. Leads to decrease in output
D. Leads to liquidation

Question 35 :

• WAEC 2011

The production strategy used in an over-populated country is

A. Import substitution
B. Capital intensive
C. Labour intensive
D. First come first employed