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Economics WAEC Past Questions

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666
A major effect of ageing population is
  • A. reduced labour force
  • B. rise in price of commodities
  • C. reduced infrastructures
  • D. neglect of agriculture
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667
One of the problems associated with the middlemen in the distribution of goods is that he
  • A. buys in large quantities
  • B. hoards goods
  • C. grants credit to the retailers
  • D. sells varieties of goods
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668
The distribution of goods is said to be completed when it reaches the
  • A. wholesalers
  • B. consumers
  • C. retailers
  • D. manufacturers
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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669
The gap between demand and supply curve below the equilibrium price indicates
  • A. excess demand
  • B. excess supply
  • C. equilibrium quantity
  • D. equilibrium price
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670
Demand for inferior goods is an example of
  • A. expansion of demand
  • B. contraction of demand
  • C. individual demand
  • D. abnormal demand
View Answer & Discuss WAEC 2004
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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