Waec Economics Past Questions and Answers

Question 1166:

• WAEC 2010

Which of the following does not explain why a school principal earns more salary than a school messenger?

A. Lenght of training
B. Demand and supply
C. Cost of training
D. The messenger is a non-teaching staff

Question 1167:

• WAEC 2010

The role of government in promoting agricultural development includes the following except

A. Paying the wages of farmers
B. Establishing and funding research
C. Formulation of policies
D. Provision of rural infrastructures

Question 1168:

• WAEC 2010

The following are advantages of large scale agriculture except

A. Use of simple implements
B. Use of sophisticated implements
C. Increase in employment
D. Integration of crops and animal farming

Question 1169:

• WAEC 2010

The following are all factors determining the location of industry except

A. Minimum wage rate
B. Availability of labour
C. Nearness of raw materials
D. Proximity to the market

Question 1170:

• WAEC 2010

Which of the following is not a concept in National Income Accounting?

A. Domestic National Products (DNP)
B. Gross National Product (GNP)
C. Gross Domestic Product (GDP)
D. Net Domestic Product (NDP)