WAEC Economics questions

367 questions with answers and explanations. Tap an option to check yourself.

1. Question 221· Natural resources and the Nigerian economy· WAEC

   OPEC regulates oil production mainly through

   • Aproduction quotas
   • Btax laws
   • Cbanking rules
   • Dshipping rates

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2. Question 222· Natural resources and the Nigerian economy· WAEC

   A renewable natural resource is one that

   • Ais man-made
   • Bcan never run out whatever we do
   • Ccan be replaced naturally if well managed
   • Dis found only underground

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3. Question 223· Natural resources and the Nigerian economy· WAEC

   Gas flaring is wasteful because it

   • Acreates many jobs
   • Bincreases oil output
   • Cburns off a resource that could provide power and income
   • Dreduces pollution

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4. Question 224· Natural resources and the Nigerian economy· WAEC

   Coal in Nigeria has been mined mainly around

   • AKano
   • BEnugu
   • CIbadan
   • DCalabar

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5. Question 225· Natural resources and the Nigerian economy· WAEC

   Which of these is a natural resource?

   • Alimestone deposits
   • Ba cement factory
   • Ca trained engineer
   • Da bank loan

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6. Question 226· Natural resources and the Nigerian economy· WAEC

   A major problem caused by oil exploration in the Niger Delta is

   • Aenvironmental pollution
   • Btoo much rainfall
   • Cshortage of fish farmers
   • Dlack of rivers

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7. Question 227· Natural resources and the Nigerian economy· WAEC

   The 'Dutch disease' in Nigeria refers to

   • Aa crop disease
   • Bthe decline of other export sectors after the oil boom
   • Ca banking crisis
   • Da fall in population

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8. Question 228· Population· WAEC

   A high dependency ratio means that

   • Aa large share of the population depends on a small working population
   • Bmost people are working
   • Cthe population is falling
   • Deveryone is retired

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9. Question 229· Population· WAEC

   A country with fewer people than its resources could support efficiently is

   • Aover-populated
   • Bunder-populated
   • Cat its optimum population
   • Dageing

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10. Question 230· Population· WAEC

    The optimum population is the size at which

    • Adeath rate is zero
    • Bpopulation is largest
    • Cbirth rate is highest
    • Doutput per head is maximum

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11. Question 231· Population· WAEC

    Malthus argued that population grows

    • Ageometrically while food grows arithmetically
    • Barithmetically
    • Cat the same rate as food
    • Dnot at all

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12. Question 232· Population· WAEC

    A country has 200 million people, of whom 80 million are of working age and in work. How many dependants are there per worker?

    • A1.5
    • B0.4
    • C2.5
    • D0.67

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13. Question 233· Population· WAEC

    A country with a high birth rate and a falling death rate will have

    • Aan ageing population
    • Ba declining population
    • Ca stable population
    • Da rapidly growing population

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14. Question 234· Population· WAEC

    A country whose population is ageing will face

    • Arising birth rates
    • Bmore school places needed
    • Chigher spending on pensions and health care
    • Da larger young labour force

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15. Question 235· Population· WAEC

    Rural–urban migration is mainly caused by

    • Athe search for better jobs and amenities in towns
    • Bthe attraction of farm work
    • Clower costs of living in towns
    • Dlack of schools in towns

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16. Question 236· Population· WAEC

    Population census is

    • Athe counting of voters only
    • Bthe official counting of all people in a country
    • Cthe sale of land
    • Dthe registration of firms

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17. Question 237· Population· WAEC

    A population with a large proportion of young people has a population pyramid with

    • Aa narrow base
    • Ba broad base
    • Cequal bars for all age groups
    • Da wide top

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18. Question 238· Population· WAEC

    Optimum population is the size of population at which

    • Aoutput per head is at its maximum
    • Bbirth rate equals death rate only
    • Cthere is no unemployment at all
    • Dthe country is overcrowded

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19. Question 239· Population· WAEC

    Rural-urban migration in Nigeria leads to

    • Amore farm output
    • Bcongestion and pressure on urban facilities
    • Cless unemployment in cities
    • Dlower rents in cities

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20. Question 240· Population· WAEC

    Optimum population is the population that

    • Agives the highest income per head with existing resources
    • Bis the largest possible
    • Chas no young people
    • Dis falling

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