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Economics 1990 WAEC Past Questions

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31
Distribution involves the
  • A. movement of raw materials to production centres
  • B. transfer of goods and services from one market to another
  • C. movement of goods and services by middlemen to urban centres
  • D. transfer of goods and services from wholesalers to consumers
  • E. transfer of goods and services from production centre to consumers
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32
Disguised unemployment
  • A. is a statistical artifacts with no economic meaning
  • B. can be eliminated if the capital output ratio is increased
  • C. can be eliminated if the press is free
  • D. calls for the implementation of five=year plans
  • E. exist when manpower is not being utilized efficiently
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33
The Nigerian economy can be best describe as a
  • A. socialist economy
  • B. capitalist economy
  • C. mixed economy
  • D. controlled economy
  • E. domestic economy
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34
The amount of money to be created by commercial banks is actually influenced by the
  • A. legal reserved ratio
  • B. external reserve
  • C. external borrowing
  • D. availability of money and capital market
  • E. bank deposits
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35
Another name for the International Banks for Reconstruction and Development (IBRD) is
  • A. International Monetary Funds
  • B. International Development Bank
  • C. World Bank
  • D. International Bnak of Africa
  • E. International Bank for West Africa
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