Waec Economics Past Questions and Answers

Question 1431:

• WAEC 2014

(a) What is the normal chain of distribution? (2 marks)
(b) State any three functions of middlemen in the chain of distribution. (6 marks)
(c) Highlight any four problem involved in the distribution of goods in West Africa. (12 marks)

Question 1432:

• WAEC 2015

Economics is regarded as a science because it?

A. Studies laws that govern human behaviour
B. Uses scientific method to explain human behaviour
C. Makes use of controlled experiments to explain human behaviour
D. Makes use of machines to study human behaviour

Question 1433:

• WAEC 2015

Economics is regarded as a science because it?

A. Studies laws that govern human behaviour
B. Uses scientific method to explain human behaviour
C. Makes use of controlled experiments to explain human behaviour
D. Makes use of machines to study human behaviour

Question 1434:

• WAEC 2015

which of the following can be described as land

A. Forest
B. Diamond
C. Roads
D. Crude oil

Question 1435:

• WAEC 2015

An outward shift of the production possibility curve shows that?

A. Production is shifting to the left
B. Resources are under-utilized
C. Economic growth has taken place
D. Factors of production are moving outward