WAEC Economics Question And Answer 2021

WAEC Economics Question And Answer 2021

1. The effect of a growing population include the following, except?

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

Unnecessary Rise in demand
Increased rate of Unemployment

Sudden Fall in the standard of living
High level of “per capita income”
2. Which of this is a cause of low personal savings in West Africa?

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

The low income of the people.
Commercial Banks refusal to give loans.
Overpopulation.

cheaper foreign currencies.
3. The benefit of the petroleum industry including the following, except?

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

Increment in the foreign exchange rate
Establishment of more companies, refineries & industries

Provision of Employment to a greater proportion of the population
Advancement and Development of social infrastructure
4. Which of this method could be used to resolve disputes between employees effectively?

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

co-operation.
collective bargaining.
display of placards.
legal action.
5. Which of these definitions well describes the term “Peasant agriculture” in West Africa?

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

specialization in the production of one crop.
It involves the use of small farm holdings.
Peasant agriculture is a capital-intensive system of farming.
It’s mostly associated with tree crops.
6. Which of the following is an advantage of large scale production?

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

there is a rise in the cost of administration.
consumers sacrifice their individual tastes.
the firm can use labor-saving machinery.

Click here for updates on WAEC 2021 Economics obj objective and essay answers.

the demand for a firm’s products becomes localized.

These are provided for study purposes only.

Bookmark this page and keep refreshing for updates. Also subscribe to all our notifications.

↯↯↯Read More On The Topic On TDPel Media Below↯↯↯

Back to Top