Economics Past Questions And Answers
The middlemen in the chain of distribution are?
- A. manufacturers and consumers
- B. wholesalers and retailers
- C. consumers and wholesalers
- D. retailers and consumers
Investing heavily in the agricultural sector will lead to
- A. sufficient food production
- B. a vibrant commodity market
- C. capital inflow
- D. stable export prices
which of the following is not emphasized in a production possibility curve
- A. scarcity of resources
- B. economic development
- C. inefficiency in the use of resources
- D. unemployment of labour
Money becomes a very poor store of value in a period of _______
- A. Harvest
- B. Deflation
- C. Recession
- D. Inflation
A factor that influences the location of a firm near its market is the?
- A. transportation of bulky raw materials
- B. external economies
- C. high cost of transporting finished goods
- D. availability of skilled manpower
One way of obtaining the median of a given data is to__________
- A. Sum the value and divide by the number of items.
- B. Arrange the data in ascending order and subtract each item from the mean.
- C. Arrange the data in descending order and add each item to the least.
- D. Arrange the data in either ascending or descending order and find what item divides the set in two equal parts.
which of the following can be described as land
- A. forest
- B. diamond
- C. roads
- D. crude oil
One of the techniques for rectifying a deficit balance of payment is?
- A. import promotion
- B. devaluation
- C. physical intervention
- D. borrowing from abroad
if a state owned firm is sold through the stock market, the organisation becomes?
- A. partnership
- B. private company
- C. public limited company
- D. public corporation
(a) Differentiate between subsistence farming and commercial farming.
(b) State four features of subsistence farming.
(c) Outlines two positive and two negative effects of mining on the economy of West African countries
View Discussion (0)WAEC 2020 THEORY
