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Economics 2011 WAEC Past Questions

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31

The following are features of subsistence agriculture except

  • A. little capital
  • B. processing of raw materials
  • C. small allotments of land
  • D. use of crude oil
View Answer & Discuss (7) WAEC 2011
32

Which of the following is not true of small companies ? they

  • A. Cannot benefit from economies of scale
  • B. Are a good source of new jobs
  • C. Can satisfy demand in specialist markets
  • D. Have a good record of technical innovation
View Answer & Discuss WAEC 2011
33

The effect of privatization on the industrial sector of a country is that it

  • A. ensures efficiency
  • B. discourages efficiency
  • C. leads to decrease in output
  • D. leads to liquidation
View Answer & Discuss (2) WAEC 2011
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34

The production strategy used in an over-populated country is

  • A. import substitution
  • B. capital intensive
  • C. labour intensive
  • D. first come first employed
View Answer & Discuss WAEC 2011
35

National income is used to measure

  • A. a country's population size
  • B. a country's economic growth
  • C. the human level of development
  • D. the flow of imports to a country
View Answer & Discuss WAEC 2011
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