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Economics Past Questions and Answers

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Waec Economics Questions

Question 231:

What are the possible solutions to the problems of rural-urban migration in West African countries?

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Question 232:

Outline the economic activities that are likely to improve the effective distribution and marketing of commodities in Nigeria.

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Question 233:

Economics is the study of how to

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A Choose between alternatives, given limited resources
B Regulate the money that is in circulation in a country
C Be prudent in the use of available resources
D Improve the standard of living of the society at large
E Arrange our needs in order of usefulness before satisfying them

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Question 234:

Economics is the study of how to

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A Choose between alternatives, given limited resources
B Regulate the money that is in circulation in a country
C Be prudent in the use of available resources
D Improve the standard of living of the society at large
E Arrange our needs in order of usefulness before satisfying them

View Answer & Explanation

Question 235:

Scarcity in economics arises because

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A The resources availoable are adequate
B Individuals have limited time
C Resources are limited in supply
D Human beigns have limited wants
E Individual wants are equal to the resources available

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