Waec Economics Past Questions and Answers

Question 1256:

• WAEC 2011

(a) Describe the following types of co-operative societies;
(i) consumers' co-operatives;
(ii) producers' co-operatives;
(iii) thrift and credit co-operatives.
(b) Highlight any two problems faced by co-operative societies in West Africa

Question 1257:

• WAEC 2011

(a) What is economic development? (b) Outline any five features of a Development Bank.

Question 1258:

• WAEC 2012

Which of the following problems arises where there are more than one technically possible methods of production

A. Where to produce
B. For whom to produce
C. How to produce
D. What to produce

Question 1259:

• WAEC 2012

Which of the following problems arises where there are more than one technically possible methods of production

A. Where to produce
B. For whom to produce
C. How to produce
D. What to produce

Question 1260:

• WAEC 2012

Visible balance is also known as

A. Terms of trade
B. Balance of payments
C. Balance of trade
D. Capital balance