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Economics WAEC Past Questions

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516
Which of the following is the function of an entrepreneur?
  • A. Avoidance of risks
  • B. decision making
  • C. employment control
  • D. Organizing unions
View Answer & Discuss WAEC 2001
517
The difference between the highest and lowest in a set of data is
  • A. range
  • B. median
  • C. variance
  • D. mode
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518
In which of the following economic system is the consumer referred to as the king?
  • A. Capitalist economy
  • B. socialist economy
  • C. communist economy
  • D. Mixed economy
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519
The dispersal of people in a country is called
  • A. mobility of people
  • B. geographical distribution
  • C. occupational distribution
  • D. state distribution
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520
In a country with ageing population , the total population
  • A. comprises young school leavers only
  • B. comprises mainly women
  • C. is increasing at a low rate
  • D. has reached the optimum level
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