Waec Economics 2010 Past Questions and Answers

Question 1:

• WAEC 2010

The following are examples of economic goods except

A. Bottled water
B. Air
C. Household utensils
D. Shelter

Question 2:

• WAEC 2010

The following are examples of economic goods except

A. Bottled water
B. Air
C. Household utensils
D. Shelter

Question 3:

• WAEC 2010

A tent-making factory offers

A. Personal services
B. Indirect services
C. Social services
D. Reflex services

Question 4:

• WAEC 2010

In which of the following economic system do we have mostly private ownership of resources and individual decision making?

A. Capitalist system
B. Socialist system
C. Mixed system
D. Traditional system

Question 5:

• WAEC 2010

The sum of items divided by the number of items is the

A. Frequency
B. Mean
C. Median
D. Mode