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Economics 2019 WAEC Past Questions

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41

Human development can be improved if

  • A. banks give more loans to businessmen
  • B. large family sizes are encouraged
  • C. general education and training are encouraged
  • D. it is handled by the private sector only
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42

The use of interest rates to control the money supply is a

  • A. control policy
  • B. monetary policy
  • C. developmental policy
  • D. fiscal policy
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43

Agricultural productivity may be increased if

  • A. educational institutions are established in rural areas
  • B. commercial banks are established in rural areas
  • C. more infrastructural facilities are provided in rural areas
  • D. labour intensive method of agriculture is encouraged
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44

Which of the following is a major advantage of establishing a tomato-processing factory in a country?

  • A. Local consumption will decrease
  • B. More unskilled labour will be employed
  • C. Foreign exchange will be conserved
  • D. It will attract more tourists
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45

A country is described as industrialized if

  • A. the contributions of industries to national income are high
  • B. traditional and modern sectors coexist
  • C. the country adopts an import promotion strategy
  • D. primary industries dominate the economy
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