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Friday, 10 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 761:
budget deficit can be financed by
  • A Reducing the level of taxation
  • B Printing more money
  • C Lending to financial institution
  • D Employing more workers
View Answer & Explanation
Question 762:
A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration , is the
  • A Increasing population
  • B Willingness of members to co-operate
  • C Geographical contiguity
  • D Weal trade relation
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Question 763:
In a socialist economy, the means of productions owned and controlled by the
  • A State
  • B Rich
  • C Entreprenuer
  • D Traders
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Question 764:
It is necessary to estimate the national income of of a country because it
  • A Indicates the overrall performance of the economy
  • B Ensure equitable distribution of wealth
  • C Assits investors in identifying profitable ventures
  • D Enables governments to conserve national resources
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Question 765:
The Organization of Petroleum Exporting Countries (OPEC) is an example of a
  • A Perfect competition
  • B Monopsony
  • C Duopoly
  • D Cartel
View Answer & Explanation