Waec Economics Past Questions and Answers

Question 1386:

• WAEC 2014

Livestock production in West Africa is hindered mainly by

A. Inadequate demand
B. Use of traditional implements
C. Land tenure system
D. Pests and diseases

Question 1387:

• WAEC 2014

The components of a three-sector economy are

A. Banks, schools and hospitals
B. Workers, producers and marketers
C. Households, firms and the government
D. Producers, retailers and wholesalers

Question 1388:

• WAEC 2014

A declining population is one in which the population is

A. Experiencing a high rate of emigration
B. Made up of large number of old people
C. Not producing enough goods
D. Not contributing enough to the national income

Question 1389:

• WAEC 2014

Which of the following agencies help to stabilize farmers' income?

A. Local government authorities
B. Trade unions
C. Marketing boards
D. Co-operative organizations

Question 1390:

• WAEC 2014

Other things being equal, an increase in supply will lead to

A. A fall in price and an increase in quantity bought and sold
B. An increase in price and increase in quantity bought and sold
C. A fall in price and a fall in quantity bought and sold
D. An increase in quantity supplied and demanded only