Waec Economics Past Questions and Answers

Question 286:

• WAEC 1994

a situation of full employment exist when

A. Every adult is employed
B. All adukts who can work are employed
C. All persons who have attained the age of 15 years and above are employed
D. Only the disabled are not employed
E. All those who are able and eligible to work are employed

Question 287:

• WAEC 1994

which of the following function of money makes it possible for any person to provide for old age?

A. Medium of exchange
B. Stores of value
C. Measures of value
D. Unit of account
E. Standard for deferred payment

Question 288:

• WAEC 1994

The primary objective of Agricultural Credit Guarantee Scheme is the provision of

A. Guarantee for loans granted by by banks for agricultural purposes
B. Agricultural inputs to facilitate credits from banks
C. Loans for every farmer
D. Agricultural products for farmers
E. Credit for farmers

Question 289:

• WAEC 1994

which of the following is not an advantage of localization of industries ?

A. Enjoyment of externa economies
B. Development of subsidiary industries
C. Development of organized markets
D. Growth of conurbation
E. Growth of farms

Question 290:

• WAEC 1994

Which of the following is not an advantage of government ownership of enterprises?

A. More capital is provided
B. Pricing policy may be in the interest of consumers
C. Government workers may be indifferent towards the public
D. Infrastructure are rapidly developed
E. Incomes may be more evenly distributed