Economics Past Questions And Answers
2071
Subsistence agriculture means
- A. cultivation for external use
- B. cultivation for local industries
- C. farming for the urban dwellers
- D. cultivation for household consumption
2072
The supply of money in the economy includes
- A. bank notes only
- B. bank note and coins
- C. bank notes and bank deposits
- D. bank notes, coins and bank deposits
2073
The desire for profits is a major feature of
- A. traditional economy
- B. mixed economy
- C. market economy
- D. command economy
2074
(a) What is meant by devaluation?
(b) Explain the measures by which a country can correct its balance of payments deficit.
View Discussion (0)WAEC 1996 THEORY2075
The difference between the number of immigrants and emigrants is
- A. internal mobility
- B. internal migration
- C. net migration
- D. marginal migration
2076
The term 'investment' in macroeconomics means
- A. Profit
- B. Total amount of money invested in bonds and stocks
- C. The total amount of capital goods in the country
- D. The production of goods for immediate consumption
2077
which of the following is not a type of industry?
- A. export
- B. construction
- C. Mining
- D. Manufacturing
2078
Under the socialist economy , the decision on what to produce is determined by the
- A. producer
- B. level of expected profit
- C. price
- D. Government
2079
The labour force of a country can be determined by examining the
- A. age structure of the population
- B. sex distribution of the population
- C. geographical distribution of the population
- D. occupational distribution of the population
2080
A civil engineer who accepts to teach elementary science in a primary school because he cannot get a paid engineering job is an example of?
- A. structural unemployment
- B. disguised unemployment
- C. residual unemployment
- D. frictional unemployment