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Waec Economics Past Questions and Answers

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Waec Economics Past Questions

Question 1141:


Explain any five objectives of the Economic Community of West African States (ECOWAS). [20 marks]



Question 1142:


The following are examples of economic goods except

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


Question 1143:


The following are examples of economic goods except

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


Question 1144:


A tent-making factory offers

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


Question 1145:


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






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