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Economics Past Questions and Answers

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Waec Economics Questions

Question 161:

Which of the following is not regarded as money in Economics?

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A Coins
B Currency notes
C Bank depisits
D Cheques
E Naira and Kobo

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Question 162:

Which of the following is not a reason why people migrate from one place to another ?

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A To find jobs and improve their standard of living
B To live in a more suitable climate
C For the sake of change and adventure
D To escape from a religious. political or social situation in a country
E To buy foreign goods for sale in their country

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Question 163:

A major function of the middlemen in Nigeria is the distribution of

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A Commodities to all consumers regardless of income
B Commodities to consuming centres
C Economic welfare facilities to all
D Waelth to all
E Income within the society

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Question 164:

International trade is necessary mainly because

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A No country can live in economic isolation
B Different countries are endowed with the same natural; and man-made resources
C Some countries have comparative cost advantage in the production of certain commodities
D The world demand for and supply od various categories of commodities is expanding very fast
E Countries wants to build up their foreign exchange reserve

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Question 165:

Which of the following is the approximate working agent in Nigeria?

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A 1 - 15
B 15 - 65
C 30 - 40
D 40 - 65
E 65 and above

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