Waec Economics Past Questions and Answers

Question 136:

• WAEC 1990

The wholesale provides all the following services to the manufacturer except

A. Warehousing
B. Financing production
C. Marketing the product
D. Granting credit
E. After-sales services

Question 137:

• WAEC 1990

The country that makes the largest contribution to the IMF is

A. The USA
B. Britain
C. West Germany
D. France
E. Norway

Question 138:

• WAEC 1990

The raw scores of 20 students of Utopia High School who took part in an examination in Economics are given below. The pass mark is 40%
38 28 70 43
39 20 64 66
12 46 52 53
20 34 48 69
18 20 64 34
(a) What is the mean score of the students' marks?
(b) How many students passed the examination?
(c) What percentage of the students failed the examination?
(d) What is the range of the scores?
(e) How many students scored below the mean score?

Question 139:

• WAEC 1990

(a) Distinguish briefly but clearly between opportunity cost and money cost.

Question 140:

• WAEC 1990

Discuss the factors that should motivate a producer to supply more of a commodity.