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Economics WAEC Past Questions

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206
the occupational distribution of population in most West African countries shows the highest concentration in
  • A. agriculture and aalied industries
  • B. mining and manufacturing
  • C. the distributive trade
  • D. commerce and industries
  • E. mining and services
View Answer & Discuss WAEC 1993
207
The growth of the population is the ?
  • A. annual increase in population
  • B. total population of a country at a given time
  • C. addition to the total population over a given period
  • D. increase in the working population over a given period
  • E. percentage increase in population in a given year
View Answer & Discuss (1) WAEC 1993
208
A situation in which an increase in demand for certain goods leads to a fall in demand for other goods is known as
  • A. joint supply
  • B. derived demand
  • C. competitive demand
  • D. competitive supply
  • E. composite demand
View Answer & Discuss (2) WAEC 1993
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209
A market equilibrium exist when
  • A. demand and supply are equal
  • B. the market is large
  • C. the price is fluctuating
  • D. no buyer goes home empty-handed
  • E. no seller has an unsold stock
View Answer & Discuss WAEC 1993
210
The price system is
  • A. the market price of commodities
  • B. a market where a single price rules
  • C. a system of price allocation to the products of the same firm
  • D. a system of resource allocation through supply and demand interaction
  • E. a system which the market price is determined only through haggling
View Answer & Discuss (2) WAEC 1993
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