Economics 1999 Waec Past Questions and Answers

Question 56 :

• WAEC 1999

What are the positive and negative effects of inflation on the economy?

Question 57 :

• WAEC 1999

Distinguish between:
(a) Economic resources and non-economic resources.
(b) Want and Demand.
(c) Money Cost and Real Cost.

Question 58 :

• WAEC 1999

Explain the advantages and disadvantages of monopoly.

Question 59 :

• WAEC 1999

Why is the small scale trader important in West African countries?

Question 60 :

• WAEC 1999

How can West African countries promote indigenous industries?