Economics Past Questions And Answers
2411
In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?
- A. dependency is ratio high
- B. population is optimum
- C. active population is large
- D. population is growing according to Malthus theory
2412
International trade is based on the law of
- A. absolute cost advantage
- B. variable proportion
- C. comparative cost advantage
- D. mutual co-operation
2413
Cooperative societies are formed mainly to
- A. assist producers to maximize their profits
- B. encourage thrift and credit among members
- C. promote and maintain the welfare of members
- D. break the monopolies of private companies
2414
the major objective of current campaign for family planning in Nigeria is to?
- A. reduce the death rate
- B. limit the number of women a man can marry
- C. keep the population growth rate constant
- D. raise the standard of living of the population
2415
A small scale firm located within an industrial estate will enjoy
- A. government protection and funding
- B. technological economies of scale
- C. financial economies of scale
- D. external economies of scale
2416
which of the following is not a problem of distribution of goods in Nigeria?
- A. poor communication network
- B. inadequate storage facilities
- C. ignorance of consumers
- D. Dishonesty of middlemen
2417
The income elasticity of a normal goods is
- A. positive
- B. negative
- C. zero
- D. fixed
2418
(a) Distinguish between a public company and a public corporation
(b) What are the problems of public corporations in your country?
View Discussion (0)WAEC 2005 THEORY2419
Overpopulation is caused by
- A. emigration
- B. disease
- C. low Literacy rates
- D. war and conflicts
2420
The drawer of a cheque is the
- A. Person who is to be paid the sum of money as written on the cheque
- B. Person who takes the cheque to the bank
- C. Bank on which the cheque is drawn
- D. Person who writes out the cheque