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Economics 1996 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
6
Farm produce are graded, packed and distributed by
  • A. purchasing co=operatives
  • B. agricultural co-operative banks
  • C. consumer co-operative society
  • D. marketing co-operatives
  • E. wholesale co-operatives
View Answer & Discuss (1) WAEC 1996
7
Localization of industries is
  • A. the industrialization of a country
  • B. the concentration of the firm of an industry in a particular area
  • C. the location of a firm at a particular locality
  • D. the economic development of a locality
  • E. governement intervention in the location of industries
View Answer & Discuss WAEC 1996
8
Which of the following correctly illustrates the chain of distribution?
  • A. Manufacturer -> wholesaler -> retailer consumer
  • B. Consumer -> retailer -> wholesaler -> manufacturer
  • C. Wholesaler -> manufacturer -> retailer -> consumer
  • D. Distributor -> consumer -> wholesaler -> manufacturer
  • E. Producer -> manufacturer -> wholesaler -> retailer
View Answer & Discuss WAEC 1996
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9
The natural growth rate of a population is the
  • A. Death rate plus net immigration
  • B. Rate of migration divided by birth rate
  • C. Birth rate minus death rate
  • D. Sum of birth rate and net immigration rate
  • E. Sum of birth rate and death rate
View Answer & Discuss WAEC 1996
10
Decreasing returns to scale implies ta if all factors of production are doubled, output will be
  • A. More than doubled
  • B. Less than doubled
  • C. Doubled
  • D. Unchanged
  • E. Trebled
View Answer & Discuss WAEC 1996
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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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