Waec Economics 2018 Past Questions and Answers

Question 21:

• WAEC 2018

in the event of bankruptcy owners of joint-stock companies lose?

A. Their private properties
B. Both company and private properties
C. Only the capital invested
D. Only their dividends

Question 22:

• WAEC 2018

wholesalers play an important role in the distribution of goods and services because they?

A. Are located very close to consumers
B. Finance both producers and retailers
C. Pass information on from retailers to consumers
D. Sell in small units to consumers

Question 23:

• WAEC 2018

if workers at the school canteen sell during the holidays, this is an example of?

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

Question 24:

• WAEC 2018

positive checks as envisaged by Thamos Malthus can be prevented if

A. Date rate is reduced
B. Marriage is abolished
C. More hospitals are built
D. More restraint is adopted

Question 25:

• WAEC 2018

which of the following factors is not a reason for farmer's unstable incomes

A. Dependence on too many crops
B. Poor storage facilities
C. Adverse weather condition
D. Recession in the world economy