Waec Economics Past Questions and Answers

Question 1676:

• WAEC 1996

Farm produce are graded, packed and distributed by

A. Purchasing co=operatives
B. Agricultural co-operative banks
C. Consumer co-operative society
D. Marketing co-operatives
E. Wholesale co-operatives

Question 1677:

• WAEC 1996

Localization of industries is

A. The industrialization of a country
B. The concentration of the firm of an industry in a particular area
C. The location of a firm at a particular locality
D. The economic development of a locality
E. Governement intervention in the location of industries

Question 1678:

• WAEC 1996

Which of the following correctly illustrates the chain of distribution?

A. Manufacturer -> wholesaler -> retailer consumer
B. Consumer -> retailer -> wholesaler -> manufacturer
C. Wholesaler -> manufacturer -> retailer -> consumer
D. Distributor -> consumer -> wholesaler -> manufacturer
E. Producer -> manufacturer -> wholesaler -> retailer

Question 1679:

• WAEC 1996

The natural growth rate of a population is the

A. Death rate plus net immigration
B. Rate of migration divided by birth rate
C. Birth rate minus death rate
D. Sum of birth rate and net immigration rate
E. Sum of birth rate and death rate

Question 1680:

• WAEC 1996

Decreasing returns to scale implies ta if all factors of production are doubled, output will be

A. More than doubled
B. Less than doubled
C. Doubled
D. Unchanged
E. Trebled