2002 - WAEC Economics Past Questions and Answers - page 3
21
Which of the following statements about population is correct?
A
Optimum population whenever achieved does not change
B
Under-population implies that available resources are not use to full capacity
C
Over-population leads to a higher per capital output
D
Optimum population leads to overcrowding of cities
correct option: b
Users' Answers & Comments22
Malthus population theory stated that
A
Higher death rate may lead to low productivity
B
Population may outgrow the means of subsistence
C
people will always decide to have children
D
migration may leave some parts of the world barren
correct option: b
Users' Answers & Comments23
One of the criticisms of population increase is that it result in
A
a rise in people's standard of living
B
low level of illiteracy
C
low level of taxation
D
increase in government expenditure
correct option: d
Users' Answers & Comments24
Which of the following is not likely to be an effect of a growing population?
A
rise in demand
B
unemployment
C
fall in standard of living
D
high per capita income
correct option: d
Users' Answers & Comments25
Census figure of most countries in West Africa is inaccurate because of
A
low cost of enumeration
B
low per capita income
C
high degree of illiteracy
D
high level of civilization
correct option: c
Users' Answers & Comments26
Which of the following is a problem of trade by barter?
A
exchange rate determination
B
hoarding
C
how to produce
D
what to produce
correct option: a
Users' Answers & Comments27
Cheques are not money because
A
there use is confined to business hours
B
there are few banks in the rural areas
C
they are not generally acceptable as a medium of exchange
D
they are not issued by government
correct option: c
Users' Answers & Comments28
Which of the following is a liability of commercial banks?
A
deposits
B
money at call
C
loans to customers
D
overdrafts
correct option: a
Users' Answers & Comments29
The value of money is best determined by its
A
size
B
purchasing power
C
portability
D
being recognized
correct option: b
Users' Answers & Comments30
Which of the following is a function of the Central Bank of Nigeria?
A
serving as a custodians of important valuables
B
giving advice to customers
C
serving as banker's bank
D
creating credit
correct option: c
Users' Answers & Comments