Waec Economics Past Questions and Answers

Question 1626:

• WAEC 2018

positive checks as envisaged by Thamos Malthus can be prevented if

A. Date rate is reduced
B. Marriage is abolished
C. More hospitals are built
D. More restraint is adopted

Question 1627:

• WAEC 2018

which of the following factors is not a reason for farmer's unstable incomes

A. Dependence on too many crops
B. Poor storage facilities
C. Adverse weather condition
D. Recession in the world economy

Question 1628:

• WAEC 2018

local firms can help in reducing unemployment in a country when?

A. Land acquisition becomes centralized
B. Imports of substitutes are reduced
C. Waste in the firm is eliminated
D. Subsidies to firms are decreased

Question 1629:

• WAEC 2018

an industry is described as a group of firms

A. That provides jobs for many people
B. Which uses advance technology in production
C. Which produces similar products
D. That provides jobs for few people

Question 1630:

• WAEC 2018

The largest component of national income in developing countries consist of?

A. Profits
B. Profit and rent
C. Rent
D. Wages and salaries