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Economics WAEC Past Questions

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101
One of the greatest demerits of the middlemen in Nigeria is that they
  • A. increase the price of goods and services at will
  • B. Sell in small units only
  • C. Store goods in warehouse that are not spacious enough
  • D. Sell on credit to retailers only
  • E. Do not advertise their goods
View Answer & Discuss (1) WAEC 1990
102
When a business has an unlimited liability
  • A. the owner are not responsible for all its financial debts
  • B. all its profits can be taxed by the government
  • C. the owners are responsible for all its financial debts
  • D. all its assets belongs to the members of its board of directors
  • E. it ceases to exist at the death of one of its owner
View Answer & Discuss WAEC 1990
103
when a country has a large labour forvce , it is beneficial to use a method of production which is
  • A. capital intensive
  • B. land intensive
  • C. labour intensive
  • D. mechanically intensive
  • E. technically intensive
View Answer & Discuss WAEC 1990
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104
which of the following are determinants of the rate of population growth?
  • A. Birth rate, immigration and death rate
  • B. birth rate, death rate and emigration
  • C. Death rate , birth rate and net migration
  • D. Migration, large families and birth rate
  • E. Death rate, migration and mortality rate
View Answer & Discuss WAEC 1990
105
The concentration of industries in one place is referred to as
  • A. location of industries
  • B. multiplication of industries
  • C. pluralization of industries
  • D. proliferation of industries
  • E. localization of industries
View Answer & Discuss WAEC 1990
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