2010 - WAEC Economics Past Questions and Answers - page 3
21
The wholesaler performs the following function except
A
breaking the bulk
B
offering credit facilities to the consumers
C
financing manufacturers
D
buying in bulk from manufacturers
correct option: b
Users' Answers & Comments22
A country whose population size is too small relative to its resource is
A
over populated
B
optimally populated
C
under populated
D
producing the optimum output
correct option: c
Users' Answers & Comments23
An efficient weapon used in resolving dispute between employers and employees is
A
co-operation
B
collective bargaining
C
display of placards
D
legal action
correct option: b
Users' Answers & Comments24
Which of the following does not explain why a school principal earns more salary than a school messenger?
A
lenght of training
B
demand and supply
C
cost of training
D
the messenger is a non-teaching staff
correct option: c
Users' Answers & Comments25
The role of government in promoting agricultural development includes the following except
A
paying the wages of farmers
B
establishing and funding research
C
formulation of policies
D
provision of rural infrastructures
correct option: a
Users' Answers & Comments26
The following are advantages of large scale agriculture except
A
use of simple implements
B
use of sophisticated implements
C
increase in employment
D
integration of crops and animal farming
correct option: a
Users' Answers & Comments27
The following are all factors determining the location of industry except
A
minimum wage rate
B
availability of labour
C
nearness of raw materials
D
proximity to the market
correct option: a
Users' Answers & Comments28
Which of the following is not a concept in National Income Accounting?
A
Domestic National Products (DNP)
B
Gross National Product (GNP)
C
Gross Domestic Product (GDP)
D
Net Domestic Product (NDP)
correct option: a
Users' Answers & Comments29
Which of the following equation is appropriate for determining the Net Domestic Product (NDP)?
A
NDP = GNP - depreciation
B
NDP = GDP + Net Income from abroad
C
NDP = GDP - depreciation
D
NDP = GDP * Net Income from abroad
correct option: c
Users' Answers & Comments30
Which of the following over estimates the value of national income?
A
incomplete statistical data
B
Wrong timing of computation
C
changes in price of goods within the year
D
double counting
correct option: d
Users' Answers & Comments