Waec Economics Past Questions and Answers

Question 681:

• WAEC 2002

One of the criticisms of population increase is that it result in

A. A rise in people's standard of living
B. Low level of illiteracy
C. Low level of taxation
D. Increase in government expenditure

Question 682:

• WAEC 2002

Which of the following is not likely to be an effect of a growing population?

A. Rise in demand
B. Unemployment
C. Fall in standard of living
D. High per capita income

Question 683:

• WAEC 2002

Census figure of most countries in West Africa is inaccurate because of

A. Low cost of enumeration
B. Low per capita income
C. High degree of illiteracy
D. High level of civilization

Question 684:

• WAEC 2002

Which of the following is a problem of trade by barter?

A. Exchange rate determination
B. Hoarding
C. How to produce
D. What to produce

Question 685:

• WAEC 2002

Cheques are not money because

A. There use is confined to business hours
B. There are few banks in the rural areas
C. They are not generally acceptable as a medium of exchange
D. They are not issued by government