Economics Past Questions And Answers
One of the function of money is
- A. double coincidence of wants
- B. unit of accounts
- C. indivisibility
- D. making payment through banks only
The two largest producers of crude oil in Nigeria are
- A. Borno and Ondo States
- B. Oyo and Bendel States
- C. Kwara and Benue States
- D. Rivers and Bendel States
The location of timber and plywood industries in West Africa is mainly influenced by the availability of
- A. transport
- B. water
- C. raw materials
- D. labour supply
The movement along the same curve is a
- A. change in demand
- B. change in quantity demanded
- C. shift in demand
- D. market demand
Which of the following is not a feature of Sole Proprietorship?
- A. The Sole Proprietor provides the capital to start the business
- B. The Sole Proprietor is the boss of his business
- C. There is unlimited liability
- D. Decision can be taken only by ten people
(a) Briefly outline the views of Thomas Malthus about population.
(b) How valid are such views about the Nigerian situation today?
View Discussion (0)WAEC 2010 THEORYOne of the techniques of monetary control used by the Central Bank of Nigeria is?
- A. selective credit control
- B. budget deficit
- C. foreign exchange control
- D. monitoring the general price level
If there is an increase in demand without a corresponding increase in supply, there will be a
- A. rise in price
- B. shift in demand curve to the left
- C. fall in price
- D. shift in supply curve to the right
In Nigeria, the location of a steel industry at Ajaokuta is due to
- A. the availability of transport ntwork
- B. the proximity to source of power
- C. the proximity to large deposits of iron ore
- D. political consideration
which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive
- A. I and II only
- B. I and III only
- C. I, II and III only
- D. I, II and IV only