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Monday, 04 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1721:
The major employer of labour in developing countries is the
  • A Tertiary sector
  • B Secondary sector
  • C Primary sector
  • D Industrial sector
View Answer & Explanation
Question 1722:
The wages of a group of workers in dollars is stated below;
40, 30, 70, 20, 60, 10, 10, 80, 30, and 10.
What is the mean wage
  • A $35
  • B $36
  • C $37
  • D $38
View Answer & Explanation
Question 1723:
The desire for profits is a major feature of
  • A Traditional economy
  • B Mixed economy
  • C Market economy
  • D Command economy
View Answer & Explanation
Question 1724:
If the coefficient of price elasticity of demand of a product is zero, then its demand curve will be
  • A Parallel to the quantity axis
  • B Parallel to the price axis
  • C Negatively sloped
  • D Positively sloped
View Answer & Explanation
Question 1725:
If the demand function is Qd = -0.5 + 20, calculate the quantity demanded when price is $15.0
  • A -%27.50-%12.50
  • B $12.50
  • C -$27.50
View Answer & Explanation