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Economics 2007 WAEC Past Questions

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21
which of the following is a middleman in the chain of distribution?
  • A. An entrepreneur
  • B. a producer
  • C. a banker
  • D. a retailer
View Answer & Discuss (5) WAEC 2007
22
A negative effect of the presence of a large number of middlemen in the distributive network is
  • A. greater variety of goods
  • B. greater quality of goods
  • C. lower price of goods
  • D. higher price of goods
View Answer & Discuss WAEC 2007
23
An example of a producer goods is a
  • A. tin of milk
  • B. hammer
  • C. loaf of bread
  • D. shirt
View Answer & Discuss (1) WAEC 2007
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24
To promote the development of agricultural sector, government of West African countries should
  • A. encourage rural-urban drift
  • B. discourage foreign investment in agriculture
  • C. support the marketing of farm produce
  • D. reduce tarrif of food imports
View Answer & Discuss WAEC 2007
25
The most important quality of money is that it must be
  • A. relatively scarce
  • B. generally acceptable
  • C. portable
  • D. durable
View Answer & Discuss WAEC 2007
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