Waec Economics 2019 Past Questions and Answers

Question 16:

• WAEC 2019

The major employer of labour in developing countries is the

A. Tertiary sector
B. Secondary sector
C. Primary sector
D. Industrial sector

Question 17:

• WAEC 2019

The wages of a group of workers in dollars is stated below;
40, 30, 70, 20, 60, 10, 10, 80, 30, and 10.
What is the mean wage

A. $35
B. $36
C. $37
D. $38

Question 18:

• WAEC 2019

The desire for profits is a major feature of

A. Traditional economy
B. Mixed economy
C. Market economy
D. Command economy

Question 19:

• WAEC 2019

If the coefficient of price elasticity of demand of a product is zero, then its demand curve will be

A. Parallel to the quantity axis
B. Parallel to the price axis
C. Negatively sloped
D. Positively sloped

Question 20:

• WAEC 2019

If the demand function is Qd = -0.5 + 20, calculate the quantity demanded when price is $15.0

A. -%27.50-%12.50
B. $12.50
C. -$27.50