Economics 2017 Waec Past Questions and Answers

Question 26 :

• WAEC 2017

A civil engineer who accepts to teach elementary science in a primary school because he cannot get a paid engineering job is an example of?

A. Structural unemployment
B. Disguised unemployment
C. Residual unemployment
D. Frictional unemployment

Question 27 :

• WAEC 2017

which of the following is an implication of a large population

A. Decrease in crime rate
B. Increase in food supply
C. Decrease in standard of living
D. Decrease in cost of living

Question 28 :

• WAEC 2017

An industry whose product loses considerable weight after processing must be sited close to?

A. A ready market
B. Power station
C. The source of finance
D. The raw material

Question 29 :

• WAEC 2017

The system of agriculture which involves the cultivation of crops and rearing of animals for family consumption only is termed?

A. Peasant farming
B. Plantation agriculture
C. Commercial farming
D. Subsistent farming

Question 30 :

• WAEC 2017

which of the following is a threat to the existence of middlemen

A. Consumers cooperative society
B. Producers cooperative society
C. Sales agents
D. Large scale producers