Waec Economics Past Questions and Answers

Question 1341:

• WAEC 2013

Post harvest losses in West African countries can be reduced if

A. The land tenure system could be reformed
B. More irrigation schemes could be provided
C. Better storage facilities could be provided
D. Erosion is controlled

Question 1342:

• WAEC 2013

Which of the following best explains what to produce?

A. How much goods are to be produced
B. The combination of resources to be used
C. Which goods and services to be produced
D. How many wants are to be satisfied

Question 1343:

• WAEC 2013

The demand for money is described as a

A. Competitive demand
B. Joint demand
C. Derived demand
D. Composite demand

Question 1344:

• WAEC 2013

Which of the following is the main outcome of a trade union's interference with the wage rate? Wages are

A. Lowered but more employment opportunities are created
B. Lowered but employment level remains unchanged
C. Increased and employment levels are unchanged
D. Increased but employment levels are reduced

Question 1345:

• WAEC 2013

The introduction of tariffs and quotas

A. Reduce th prices of imports
B. Increase the demand for locally made goods
C. Discourage domestic industries from becoming more efficient
D. Reduce the prices of locally made goods