Economics 2016 Waec Past Questions and Answers

Question 26 :

• WAEC 2016

One relationship between marginal utility and total utility. When total is

A. Rising, marginal utility is rising
B. Falling, marginal utility is negative
C. Maximum, marginal utility is maximum
D. Falling, marginal utility is rising

Question 27 :

• WAEC 2016

One feature of a growing population

A. Increase in the number of young people
B. Increase in the number of old people
C. Decrease in the dependent population
D. Decrease in the life expectancy

Question 28 :

• WAEC 2016

Efficiency of labour in a country is determined by the following factor except the

A. Social attitude to work
B. Education and training
C. Working conditions of workers
D. Total polulation

Question 29 :

• WAEC 2016

Which of the following will encourage capital intensive farming

A. Encouraging communal system of land ownership
B. Adopting policies that will encourage rural-urban migration
C. Provision of subsidies on equipment
D. Restrictive lending policies by banks

Question 30 :

• WAEC 2016

Which of the following best explains why more foreign investments are not attracted to West Africa

A. Small population size
B. Small sizes of market places
C. Instability in political and industrial policies
D. Lack of manpower needed to work in industries