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Economics 2014 WAEC Past Questions

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11

A declining population is one in which the population is

  • A. experiencing a high rate of emigration
  • B. made up of large number of old people
  • C. not producing enough goods
  • D. not contributing enough to the national income
View Answer & Discuss (2) WAEC 2014
12

Which of the following agencies help to stabilize farmers' income?

  • A. Local government authorities
  • B. Trade unions
  • C. Marketing boards
  • D. Co-operative organizations
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13

Other things being equal, an increase in supply will lead to

  • A. a fall in price and an increase in quantity bought and sold
  • B. an increase in price and increase in quantity bought and sold
  • C. a fall in price and a fall in quantity bought and sold
  • D. an increase in quantity supplied and demanded only
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14

Examples of joint stock banks are

  • A. commercial banks
  • B. co-operative credit societies
  • C. central banks
  • D. development banks
View Answer & Discuss (1) WAEC 2014
15

Which of the following is not a characteristic of a developing country? High

  • A. real per capita income
  • B. level of primary production
  • C. population growth rate
  • D. level of illiteracy
View Answer & Discuss (2) WAEC 2014
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