Waec Economics Past Questions and Answers

Question 731:

• WAEC 2003

The market supply curve slopes upwards from left to right indicating that

A. At a lower price more is supplied
B. Two commodities can be supplied at the same time
C. At a lower price, less is supplied
D. Producers pay high taxes

Question 732:

• WAEC 2003

The term underpopulation refers to a situation where the population is

A. Disperesed over the country
B. Small in relation to available resources
C. Greater than the available resources
D. Concentrated in a few areas

Question 733:

• WAEC 2003

West African countries experience rapid population growth due to

A. Existence of birth control clinics
B. Early marriages
C. Adequate sex education in schools
D. Late marriages

Question 734:

• WAEC 2003

which of the following could be used to measure the efficiency of labour?

A. Education and training
B. Rate of inflation
C. Level of unemployment
D. Input-output ratio

Question 735:

• WAEC 2003

which of the following is necessary for the survival of small firms in West Africa?

A. Acess to loand for development
B. Inadequate collaterals for bank loans
C. Government assistants in form of loans and tax holidays
D. High transportation cost