Waec Economics Past Questions and Answers

Question 231:

• WAEC 1992

What are the possible solutions to the problems of rural-urban migration in West African countries?

Question 232:

• WAEC 1992

Outline the economic activities that are likely to improve the effective distribution and marketing of commodities in Nigeria.

Question 233:

• WAEC 1993

Economics is the study of how to

A. Choose between alternatives, given limited resources
B. Regulate the money that is in circulation in a country
C. Be prudent in the use of available resources
D. Improve the standard of living of the society at large
E. Arrange our needs in order of usefulness before satisfying them

Question 234:

• WAEC 1993

Economics is the study of how to

A. Choose between alternatives, given limited resources
B. Regulate the money that is in circulation in a country
C. Be prudent in the use of available resources
D. Improve the standard of living of the society at large
E. Arrange our needs in order of usefulness before satisfying them

Question 235:

• WAEC 1993

Scarcity in economics arises because

A. The resources availoable are adequate
B. Individuals have limited time
C. Resources are limited in supply
D. Human beigns have limited wants
E. Individual wants are equal to the resources available