Waec Economics Past Questions and Answers

Question 71:

• WAEC 1989

one of the argument against he presence of middlemen in the distribution chain is that they

A. Cause increase in the price of commodities
B. Are commissioned agents
C. Helps in keeping price stable
D. Grade and blend goods
E. Can be found almost everywhere

Question 72:

• WAEC 1989

Which of the following is the normal channel by which the commodities reach the final consumer?

A. Mnaufacturer-wholesale-agent retailer-consumer
B. Mnufacturer-wholesale-retailer-consumer
C. Manufacturer-wholesale-sales representative-retailer-consumer
D. Mnufacturer-wholesale-retailer-agent-consumer
E. Mnaufacturer-wholesale-retailer-sales-representative-consumer

Question 73:

• WAEC 1989

the movement of a worker from one grade to another within the same industry is a form of mobility of labour which is

A. Geographical
B. Vertical
C. Occupational
D. Horizontal
E. Lateral

Question 74:

• WAEC 1989

a person who buys in bulk and sells in bit is a

A. Manufacturer
B. Sales representative
C. Retailer
D. Advertiser
E. Distributor

Question 75:

• WAEC 1989

which of the following is not correct?

A. Population refers to number of people living in a place
B. The population of a place is not static
C. Population is known through a census
D. Population is affected by the amount of money in circulation
E. Population can be affected by natural disaster