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Economics Past Questions

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2001
The National Electrical Power Authority (NEPA) in Nigeria is a
  • A. Public Limited Company
  • B. private limited company
  • C. private authority
  • D. public corporation
View Answer & Discuss WAEC 2002
2002
When elasticity is zero the demand curve is
  • A. perfectly elastic
  • B. Perfectly inelastic
  • C. concave
  • D. downward sloping
View Answer & Discuss WAEC 2002
2003
An increase in the demand for butter reduces the demand for margarine, this type of demand is called
  • A. competitive demand
  • B. elastic demand
  • C. derived demand
  • D. composite demand
View Answer & Discuss WAEC 2002
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2004
A commodity is said to have derived demand when it
  • A. has a joint demand with another commodity
  • B. is demanded by the rich only
  • C. is demanded for immediate consumption
  • D. is demanded because of what it can help to produce
View Answer & Discuss WAEC 2002
2005
Which of the following statements about population is correct?
  • A. Optimum population whenever achieved does not change
  • B. Under-population implies that available resources are not use to full capacity
  • C. Over-population leads to a higher per capital output
  • D. Optimum population leads to overcrowding of cities
View Answer & Discuss WAEC 2002
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