Waec Economics Past Questions and Answers

Question 251:

• WAEC 1993

Robert T. Malthus postulated in his population theory that

A. The death rate may become so high that people may not survive
B. People will eventually stop having children
C. People will migrate from one place to another in search of food
D. Posititve efforts should be made to increase population
E. Population growth rate may out-grow the means of subsistence

Question 252:

• WAEC 1993

Division of labour may be restricted when

A. An ailing economy has improved
B. Producers live in villages
C. Market is small
D. There is full employment
E. There is inflation

Question 253:

• WAEC 1993

Land is often distinguished as a factor of production because it

A. Is a free gift of nature
B. Constitutes one-third of the entire world
C. Is unlimited in supply
D. Is owned by individuals
E. Is owned by government

Question 254:

• WAEC 1993

which of the following is an advantage of division of labour? It

A. Saves time
B. Make possible the sue of machine
C. Is monotonous
D. Leads to specialization
E. Aids the development of skills

Question 255:

• WAEC 1993

the location of timber and plywood industries in West Africa is mainly influenced by the

A. Avilability of transport
B. Good climate
C. Availability of power supply
D. Adequate labour supply
E. Presence of a luxuriant forest