Economics 2003 WAEC Past Questions

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West African countries experience rapid population growth due to

A. existence of birth control clinics
B. early marriages
C. adequate sex education in schools
D. late marriages

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which of the following could be used to measure the efficiency of labour?

A. education and training
B. rate of inflation
C. level of unemployment
D. input-output ratio

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which of the following is necessary for the survival of small firms in West Africa?

A. acess to loand for development
B. inadequate collaterals for bank loans
C. government assistants in form of loans and tax holidays
D. high transportation cost

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A normal demand curve slopes

A. downward from left to right
B. upwards from left to right
C. downwards from right to left
D. upwards from the origin

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If the quantity demanded of a commodity increases from 20 to 30 units where there is an increase in price from 4naira to 5 naira, the elasticity of demand is

A. 0.0
B. 1
C. 2
D. 5

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Economics 2003 WAEC Past Questions

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