Waec Economics 2008 Past Questions and Answers

Question 1:

• WAEC 2008

The main concern of economists is to

A. Allocate scarce resouces to satisfy human wants
B. Satisfy all human wants
C. Redistribute income between the rich and the poor
D. Control the growth of population

Question 2:

• WAEC 2008

The main concern of economists is to

A. Allocate scarce resouces to satisfy human wants
B. Satisfy all human wants
C. Redistribute income between the rich and the poor
D. Control the growth of population

Question 3:

• WAEC 2008

Productive resources can also be called

A. Principle of production
B. Factors of production
C. Items of production
D. Labour and material resources

Question 4:

• WAEC 2008

production covers all the following except when

A. Utility is created
B. A good is manufactured
C. A commodity is consumed
D. Individual wants are satisfied

Question 5:

• WAEC 2008

Data presented in tables are usually arranged in

A. Charts and graphs
B. Rows and columns
C. Graph and rows
D. Columns and charts