WAEC Economics Past Questions, Answers, And Explanations - Economics

Waec Economics Questions

Question 281:

WAEC 1993

Describe the problems facing agriculture in Nigeria.

Question 282:

WAEC 1994

The definition of economics as 'the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses' was given by

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A Adam Smith
B David Ricardo
C Lionel Robbins
D Thomas R. Mtithus
E Robert Giffen

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Question 283:

WAEC 1994

The definition of economics as 'the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses' was given by

SchoolNGR Classroom

A Adam Smith
B David Ricardo
C Lionel Robbins
D Thomas R. Mtithus
E Robert Giffen

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Question 284:

WAEC 1994

The concept of economics efficiency primarily implies

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A Containing the maximum output from available resources at the lowest possible cost
B Conserving our petroleum resources
C Equity in the distribution of the nation's wealth
D Production without waste
E The limited wants unlimited resources dilemma

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Question 285:

WAEC 1994

Which of the following is true of NEPA as a public corporation in Nigeria? It is

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A A solar energy distribution
B Organized in a perfectly competitive market
C A duopoly
D A monopolistically competitive industry
E A monopoly

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