1990 - WAEC Economics Past Questions and Answers - page 4
31
Distribution involves the
A
movement of raw materials to production centres
B
transfer of goods and services from one market to another
C
movement of goods and services by middlemen to urban centres
D
transfer of goods and services from wholesalers to consumers
correct option: e
Users' Answers & Comments32
Disguised unemployment
A
is a statistical artifacts with no economic meaning
B
can be eliminated if the capital output ratio is increased
C
can be eliminated if the press is free
D
calls for the implementation of five=year plans
correct option: e
Users' Answers & Comments33
The Nigerian economy can be best describe as a
A
socialist economy
B
capitalist economy
C
mixed economy
D
controlled economy
correct option: c
Users' Answers & Comments34
The amount of money to be created by commercial banks is actually influenced by the
A
legal reserved ratio
B
external reserve
C
external borrowing
D
availability of money and capital market
correct option: a
Users' Answers & Comments35
Another name for the International Banks for Reconstruction and Development (IBRD) is
A
International Monetary Funds
B
International Development Bank
C
World Bank
D
International Bnak of Africa
correct option: c
Users' Answers & Comments36
the headquarter of the Organization of Petroleum Exporting Countries (OPEC) is in
A
Geneva, Switzerland
B
Vienna, Austria
C
Paris, France
D
London , Britain
correct option: b
Users' Answers & Comments37
The wholesale provides all the following services to the manufacturer except
A
warehousing
B
financing production
C
marketing the product
D
granting credit
correct option: e
Users' Answers & Comments38
The country that makes the largest contribution to the IMF is
A
The USA
B
Britain
C
West Germany
D
France
correct option: a
Users' Answers & Comments