WAEC Economics Past Questions & Answers - Page 259

1,291.

At optimum population level, a country has its

A.

Maximum population

B.

Ageing population

C.

Highest birth rate

D.

Highest output per heade

E.

Lowest death rate

Correct answer is D

No explanation has been provided for this answer.

1,292.

Malthus observed in his theory that population was growing

A.

At a regular rate

B.

In arithmetical progression

C.

In geometrical progression

D.

In mathematical progression

E.

In trigonometrical progression

Correct answer is C

No explanation has been provided for this answer.

1,293.

Which of the following is not a function of an insurance company?

A.

Mobilization of funds through premiums collected

B.

Encouragement of savings habits through life assurances

C.

Collection of deposits from the public

D.

Granting of loans on long-term basis for investment

E.

Encouragment of investment by security of capital

Correct answer is C

No explanation has been provided for this answer.

1,294.

Which of the following does not require the use of information from census?

A.

Allocating central government revenue among states or regions

B.

Planning for development in the states of regions

C.

Demarcating constituencies for election in the states or regions

D.

Providing adequate social amenities and services in the states or regions

E.

Controlling geographical mobility of labour among the states or regions

Correct answer is E

No explanation has been provided for this answer.

1,295.

In perfect competition, the marginal cost curve intersects the average cost curve

A.

From below at its lowest point

B.

From above at its lowest point

C.

From below before the lowest point

D.

At the zero point

E.

From below after the lower point

Correct answer is A

No explanation has been provided for this answer.