Waec Economics 1990 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.