Waec Economics 2018 Past Questions and Answers

Question 46:

• WAEC 2018

An electrical engineer who is teaching physics in a secondary school is said to be

A. Under-employed
B. Unemployed
C. Fully employed
D. Technically unemployed

Question 47:

• WAEC 2018

one benefit a country can derive from the extraction of crude oil is increase in?

A. Population
B. Employment
C. Money
D. Demand for imports

Question 48:

• WAEC 2018

which of the following cannot be classified as a natural resource

A. Iron rod
B. Wild life
C. Solar energy
D. Gold

Question 49:

• WAEC 2018

use the table to answer the following question

quantity	total cost
0	20
1	25
2	28
3	30
4	38
5	55
6	92
7	135

the total fixed cost is?

A. $7.00
B. $30.00
C. $20.00
D. $135.00

Question 50:

• WAEC 2018

use the table to answer the following question

quantity	total cost
0	20
1	25
2	28
3	30
4	38
5	55
6	92
7	135

at output level 5, the total variable cost is?

A. $5.00
B. $20,00
C. $55.00
D. $35.00