Economics 1990 Waec Past Questions and Answers

Question 41 :

• WAEC 1990

(a) Distinguish briefly but clearly between opportunity cost and money cost.

Question 42 :

• WAEC 1990

Discuss the factors that should motivate a producer to supply more of a commodity.

Question 43 :

• WAEC 1990

Despite having about 75% of their labour force in agriculture, West African countries cannot meet their domestic food requirement Discuss.

Question 44 :

• WAEC 1990

What is inflation? What efforts have been made by the government to combat inflation in Nigeria?

Question 45 :

• WAEC 1990

What is National income and its importance.