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1816
The distribution of goods by the price system is distorted when
  • A. there is a high degree of competition among producers
  • B. producers and consumers operate freely
  • C. factors of production are mobile
  • D. no aalowance is made for social costs and social benefits
  • E. there is price control measure in the system
View Answer & Discuss WAEC 1998
1817
An appropriate industrialization strategy in an under-populated country is
  • A. import substitution
  • B. capital intensive
  • C. the contract method
  • D. the use of foreigners in the factories
  • E. labour intensive
View Answer & Discuss WAEC 1998
1818
The power of trade union may be weakened when there is
  • A. optimum population
  • B. a weak government in power
  • C. over population
  • D. a civilian government in power
  • E. under-population
View Answer & Discuss WAEC 1998
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1819
Malthus' contention is that
  • A. population increase in arithmetic progression while food production increased in geometric progresion
  • B. population increased in geometric progression whil food production increased in arithmetic progression
  • C. population and food growth rate will, in future, be at par
  • D. nations have to get enough manpower to cultivate available land for food
  • E. output from agriculture decreased as more and more of the poorer lands were brought into cultivation
View Answer & Discuss WAEC 1998
1820
The problem of small markets in West Africa can be solved through
  • A. separate planning among the West African countries
  • B. meaningful- co-operation among the West African countries
  • C. political stability in West Africa
  • D. imposing of high tarrifs on West African exports
  • E. the central banks of West African countries
View Answer & Discuss WAEC 1998
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