1989 - WAEC Economics Past Questions and Answers - page 3
21
which of the following does not hinder the efficient of distribution of goods in West Africa?
A
inadequate transportation network
B
inadequate storage facilities for agricultural goodss
C
inadequate credit facitlities for potential distributors
D
Government participation in the distributive trade
correct option: d
Users' Answers & Comments22
which of the following categories of people do not gain during inflation?
A
Debtors
B
businessmen
C
Shareholders
D
Investors
correct option: e
Users' Answers & Comments23
one of the argument against he presence of middlemen in the distribution chain is that they
A
cause increase in the price of commodities
B
are commissioned agents
C
helps in keeping price stable
D
grade and blend goods
correct option: a
Users' Answers & Comments24
Which of the following is the normal channel by which the commodities reach the final consumer?
A
Mnaufacturer-wholesale-agent retailer-consumer
B
Mnufacturer-wholesale-retailer-consumer
C
Manufacturer-wholesale-sales representative-retailer-consumer
D
Mnufacturer-wholesale-retailer-agent-consumer
correct option: b
Users' Answers & Comments25
the movement of a worker from one grade to another within the same industry is a form of mobility of labour which is
A
geographical
B
vertical
C
occupational
D
horizontal
correct option: d
Users' Answers & Comments26
a person who buys in bulk and sells in bit is a
A
manufacturer
B
sales representative
C
retailer
D
advertiser
correct option: c
Users' Answers & Comments27
which of the following is not correct?
A
Population refers to number of people living in a place
B
The population of a place is not static
C
Population is known through a census
D
Population is affected by the amount of money in circulation
correct option: d
Users' Answers & Comments28
The money paid per hour or week for work done is known as
A
cost
B
time rate
C
bonus
D
wage rate
correct option: d
Users' Answers & Comments29
in a rapidly growing economy where human labour is being replaced by machines, there is likely to be
A
classical unemployment
B
frictional unemployment
C
seasonal unemployment
D
residual unemployment
correct option: b
Users' Answers & Comments30
Distribution is part of production because it
A
Makes goods and services available to the final consumer
B
Transport the goods from place to place
C
Offers employment to people
D
Encourages the provision of good roads, waterways and railways
correct option: a
Users' Answers & Comments