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Monday, 13 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2591:
WAEC 1999
Price discrimination can only occur when there is
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  • A Perfect competiton
  • B Imperfect competition
  • C A merge
  • D Partnership
View Answer & Explanation
Question 2592:
WAEC 1999
Commodity market can best be described as a market in which
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  • A Goods are sold
  • B Labour is sold and bought
  • C Short-term loans are obtained
  • D Quoted stocks are bought
View Answer & Explanation
Question 2593:
WAEC 1999
Provision of services is classified under
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  • A Primary production
  • B Secondary production
  • C Tertiary production
  • D Production possibilities
View Answer & Explanation
Question 2594:
WAEC 1999
In ordinary partnership, the risks are
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  • A Borne by the workers
  • B Borne by the creditors
  • C Shared among the partners
  • D Undertaken by the active partners
View Answer & Explanation
Question 2595:
WAEC 1999
balance of trade is define as the relationship between
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  • A Invisible imports and exports
  • B Visible and invisible exports
  • C Imports and exports of services
  • D Visible exports and visible imports
View Answer & Explanation

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