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1936
West African countries have low level of economic development due to
  • A. under-population
  • B. inadequate labour
  • C. failure to plan
  • D. ineffective plan implementation
View Answer & Discuss WAEC 2000
1937
Which of the following countries is not a member of the Economic Community of West African States (ECOWAS)?
  • A. Ghana
  • B. The Gambia
  • C. Cameroun
  • D. Guinea Bissau
View Answer & Discuss WAEC 2000
1938
Economic problems arises because
  • A. resource are scarce relative to wants
  • B. man is insatiable
  • C. money is scarce
  • D. man engages in too many economic activities
View Answer & Discuss WAEC 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1939
The economic system in which resource are privately owned dis known as
  • A. Capitalism
  • B. Socialism
  • C. communism
  • D. unitarism
View Answer & Discuss WAEC 2001
1940
Quasi-rent refers to
  • A. payment made on aquisition of a firm's premises
  • B. payment made for the procurement of tools and equipments
  • C. returns on investment
  • D. payments made on any factors of production that is temporaly fixed in supply
View Answer & Discuss WAEC 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts