Waec Economics Past Questions and Answers

Question 281:

• WAEC 1993

Describe the problems facing agriculture in Nigeria.

Question 282:

• WAEC 1994

The definition of economics as 'the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses' was given by

A. Adam Smith
B. David Ricardo
C. Lionel Robbins
D. Thomas R. Mtithus
E. Robert Giffen

Question 283:

• WAEC 1994

The definition of economics as 'the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses' was given by

A. Adam Smith
B. David Ricardo
C. Lionel Robbins
D. Thomas R. Mtithus
E. Robert Giffen

Question 284:

• WAEC 1994

The concept of economics efficiency primarily implies

A. Containing the maximum output from available resources at the lowest possible cost
B. Conserving our petroleum resources
C. Equity in the distribution of the nation's wealth
D. Production without waste
E. The limited wants unlimited resources dilemma

Question 285:

• WAEC 1994

Which of the following is true of NEPA as a public corporation in Nigeria? It is

A. A solar energy distribution
B. Organized in a perfectly competitive market
C. A duopoly
D. A monopolistically competitive industry
E. A monopoly