Waec Economics Past Questions and Answers

Question 226:

• WAEC 1992

A demand curve slopes downwards from left to right, but this may not always be so. Explain the statement.

Question 227:

• WAEC 1992

(a) Highlight the factors which encourage entrepreneurs to adopt division of labour in production.
(b) What factors are capable of limiting the practice of division of labour?

Question 228:

• WAEC 1992

Discuss the different types of agricultural systems that exist in West Africa.

Question 229:

• WAEC 1992

Outline the ways in which the federal government has encouraged industrialization in Nigeria in recent years.

Question 230:

• WAEC 1992

Middlemen do encounter problems in the process of carrying out their business. Explain.