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Economics Past Questions and Answers

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Waec Economics Questions

Question 326:
WAEC 1994
(a) Explain the term capital market.
(b) How is the capital market different from the stock exchange?
(c) What are the advantages of the capital market?
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    Question 327:
    WAEC 1995
    Economics is a social science which studies how
    SchoolNGR Classroom
    • A To redistrubute income
    • B Human beings behave
    • C The market price is fixed
    • D Scarce resources are allocated to satisfy human wants
    • E High cost of a commodity
    View Answer & Explanation
    Question 328:
    WAEC 1995
    Economics is a social science which studies how
    SchoolNGR Classroom
    • A To redistrubute income
    • B Human beings behave
    • C The market price is fixed
    • D Scarce resources are allocated to satisfy human wants
    • E High cost of a commodity
    View Answer & Explanation
    Question 329:
    WAEC 1995
    Scarcity in economics means
    SchoolNGR Classroom
    • A Shortage of commodity
    • B Unlimited demands for consumer goods
    • C Limited supply of goods and services
    • D Total absence of a commodity in the market
    • E High cost of a commodity
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    Question 330:
    WAEC 1995
    The decision on what to produce is a problem in
    SchoolNGR Classroom
    • A All economics system
    • B A mixed economic system only
    • C A democratic socialist economy only
    • D A free enterprise system only
    • E A planned eceonomic system only
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