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Tuesday, 14 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1016:
Explain:
(a) (i) supply of money (ii) Value of money
(b) highlight the three motives for holding money.
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    Question 1017:
    (a) What is economic integration?
    (b) Highlight any three problems of economic integration in west Africa.
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      Question 1018:
      The main concern of economists is to
      • A Allocate scarce resouces to satisfy human wants
      • B Satisfy all human wants
      • C Redistribute income between the rich and the poor
      • D Control the growth of population
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      Question 1019:
      The main concern of economists is to
      • A Allocate scarce resouces to satisfy human wants
      • B Satisfy all human wants
      • C Redistribute income between the rich and the poor
      • D Control the growth of population
      View Answer & Explanation
      Question 1020:
      Productive resources can also be called
      • A Principle of production
      • B Factors of production
      • C Items of production
      • D Labour and material resources
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