Waec Economics Past Questions and Answers

Question 121:

• WAEC 1990

Which of the following are not agents of distribution

A. Wholesalers
B. Retailers
C. Consumers
D. Government agencies
E. Cooperative societies

Question 122:

• WAEC 1990

One of the greatest demerits of the middlemen in Nigeria is that they

A. Increase the price of goods and services at will
B. Sell in small units only
C. Store goods in warehouse that are not spacious enough
D. Sell on credit to retailers only
E. Do not advertise their goods

Question 123:

• WAEC 1990

When a business has an unlimited liability

A. The owner are not responsible for all its financial debts
B. All its profits can be taxed by the government
C. The owners are responsible for all its financial debts
D. All its assets belongs to the members of its board of directors
E. It ceases to exist at the death of one of its owner

Question 124:

• WAEC 1990

when a country has a large labour forvce , it is beneficial to use a method of production which is

A. Capital intensive
B. Land intensive
C. Labour intensive
D. Mechanically intensive
E. Technically intensive

Question 125:

• WAEC 1990

which of the following are determinants of the rate of population growth?

A. Birth rate, immigration and death rate
B. Birth rate, death rate and emigration
C. Death rate , birth rate and net migration
D. Migration, large families and birth rate
E. Death rate, migration and mortality rate