WAEC Past Questions and Answers - Page 3619

18,091.

Basic extractive activities are classified as

A.

Manufacturing production

B.

Tertiary production

C.

Secondary production

D.

Primary production

Correct answer is D

No explanation has been provided for this answer.

18,092.

Economy problems arises mainly as a result of

A.

Inaccurate statistical data in West Africa

B.

Excessive wastage of available resources

C.

Lack of foresight on the part of resource users

D.

Limitation in the availability of resources

Correct answer is D

No explanation has been provided for this answer.

18,093.

Scarcity implies that

A.

Goods cannot be produced efficiently

B.

Human wants are unlimited

C.

Goods and services are limited in supply

D.

Commodities are evenly distributed within the economy

Correct answer is C

No explanation has been provided for this answer.

18,094.

West African economy can best be described as

A.

Agricultural

B.

Backward

C.

Developed

D.

Industrialized

Correct answer is A

No explanation has been provided for this answer.

18,095.

Gross National Product (GNP) less depreciation is known as

A.

Gross Domestic Products

B.

Gross National Income

C.

Fixed National Income

D.

Net National Income

Correct answer is D

No explanation has been provided for this answer.