Waec Economics 2004 Past Questions and Answers

Question 1:

• WAEC 2004

Which of the following is an economic activity?

A. Attending a town's meeting
B. A visit to the stadium
C. Payment of school fees
D. Arresting a petty thief

Question 2:

• WAEC 2004

Which of the following is an economic activity?

A. Attending a town's meeting
B. A visit to the stadium
C. Payment of school fees
D. Arresting a petty thief

Question 3:

• WAEC 2004

The reward for land as a factor of production is

A. Interest
B. Rent
C. Dividends
D. Wages

Question 4:

• WAEC 2004

The three broad categories of productions are

A. Direct, secondary and extractive
B. Primary, tertiary and direct
C. Primary, secondary and tertiary
D. Secondary , primary and direct

Question 5:

• WAEC 2004

A carpenter's consumer goods includes 1. a kilogram of rice II. 3 pairs of shoes III. 4 pairs of socks IV. 3 screw drivers

A. I and IV only
B. I,II,III and IV
C. I, II and IV only
D. I, II and III and III