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Economics WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
131
Which of the following is not a reason why people migrate from one place to another ?
  • A. to find jobs and improve their standard of living
  • B. To live in a more suitable climate
  • C. For the sake of change and adventure
  • D. to escape from a religious. political or social situation in a country
  • E. To buy foreign goods for sale in their country
View Answer & Discuss WAEC 1991
132
A major function of the middlemen in Nigeria is the distribution of
  • A. commodities to all consumers regardless of income
  • B. commodities to consuming centres
  • C. economic welfare facilities to all
  • D. waelth to all
  • E. income within the society
View Answer & Discuss (1) WAEC 1991
133
International trade is necessary mainly because
  • A. no country can live in economic isolation
  • B. different countries are endowed with the same natural; and man-made resources
  • C. some countries have comparative cost advantage in the production of certain commodities
  • D. the world demand for and supply od various categories of commodities is expanding very fast
  • E. countries wants to build up their foreign exchange reserve
View Answer & Discuss (1) WAEC 1991
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134
Which of the following is the approximate working agent in Nigeria?
  • A. 1 - 15
  • B. 15 - 65
  • C. 30 - 40
  • D. 40 - 65
  • E. 65 and above
View Answer & Discuss WAEC 1991
135
Dumping in Economics means the selling of goods in a foreign market
  • A. ata a price below that received in the home market
  • B. at a price above that received in the home market
  • C. at a price equal to the cost price in the home market
  • D. in order to encourage indigenious producers
  • E. at a price equal to the selling price in the home market
View Answer & Discuss WAEC 1991
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