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Economics WAEC Past Questions

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576
When elasticity is zero the demand curve is
  • A. perfectly elastic
  • B. Perfectly inelastic
  • C. concave
  • D. downward sloping
View Answer & Discuss WAEC 2002
577
An increase in the demand for butter reduces the demand for margarine, this type of demand is called
  • A. competitive demand
  • B. elastic demand
  • C. derived demand
  • D. composite demand
View Answer & Discuss WAEC 2002
578
A commodity is said to have derived demand when it
  • A. has a joint demand with another commodity
  • B. is demanded by the rich only
  • C. is demanded for immediate consumption
  • D. is demanded because of what it can help to produce
View Answer & Discuss WAEC 2002
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579
Which of the following statements about population is correct?
  • A. Optimum population whenever achieved does not change
  • B. Under-population implies that available resources are not use to full capacity
  • C. Over-population leads to a higher per capital output
  • D. Optimum population leads to overcrowding of cities
View Answer & Discuss WAEC 2002
580
Malthus population theory stated that
  • A. Higher death rate may lead to low productivity
  • B. Population may outgrow the means of subsistence
  • C. people will always decide to have children
  • D. migration may leave some parts of the world barren
View Answer & Discuss WAEC 2002
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