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Economics Past Questions and Answers

Economics Questions

Question 2736:
WAEC 2002
Economics is best described as the study of
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  • A The wealth of nations
  • B How man consume his products
  • C How man provides for his everyday needs
  • D The distribution of wealth
View Answer & Explanation
Question 2737:
WAEC 2002
The most frequent occurring value in a given data is the
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  • A Mode
  • B Median
  • C Mean
  • D Range
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Question 2738:
WAEC 2002
Subsistence production means that goods and services are
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  • A Produced for consumption only
  • B Sold to others
  • C Sold in the country
  • D Produced for the market
View Answer & Explanation
Question 2739:
WAEC 2002
Warehouse facilities in the distribution and marketing of products are provided by
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  • A Manufacturer
  • B Wholesaler
  • C Retailer
  • D Advertisers
View Answer & Explanation
Question 2740:
WAEC 2002
Which of the following is a reward to a factor of production?
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  • A Interest
  • B Donation
  • C Gifts
  • D Subsidy
View Answer & Explanation

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