WAEC Economics Past Questions & Answers - Page 166

826.

Standardization of products or services is a feature of

A.

Large firms

B.

Retailer

C.

Small firms

D.

Wholesaler

Correct answer is A

No explanation has been provided for this answer.

827.

One of the factors affecting geographical distribution of population is

A.

High birth rate

B.

High death rate

C.

Encouragement of early marriage in the rural area

D.

Climate conditions of the different parts of the country

Correct answer is D

No explanation has been provided for this answer.

828.

Middlemen in an economy perform the function of

A.

Distribution

B.

Exchange

C.

Hoarding

D.

Protector

Correct answer is A

No explanation has been provided for this answer.

829.

A movement along the same demand curve either upwards or downwards as a result of change in price implies

A.

a change in demand

B.

A change in quantity demanded

C.

An increase in demand

D.

A shift in the demand curve to the right

Correct answer is B

No explanation has been provided for this answer.

830.

Distribution of goods and service is hindered by

A.

Good road network

B.

Efficient storage facilities

C.

Too many middlemen

D.

Adequate market information

Correct answer is C

No explanation has been provided for this answer.