Waec Economics Past Questions and Answers

Question 326:

• WAEC 1994

(a) Explain the term capital market.
(b) How is the capital market different from the stock exchange?
(c) What are the advantages of the capital market?

Question 327:

• WAEC 1995

Economics is a social science which studies how

A. To redistrubute income
B. Human beings behave
C. The market price is fixed
D. Scarce resources are allocated to satisfy human wants
E. High cost of a commodity

Question 328:

• WAEC 1995

Economics is a social science which studies how

A. To redistrubute income
B. Human beings behave
C. The market price is fixed
D. Scarce resources are allocated to satisfy human wants
E. High cost of a commodity

Question 329:

• WAEC 1995

Scarcity in economics means

A. Shortage of commodity
B. Unlimited demands for consumer goods
C. Limited supply of goods and services
D. Total absence of a commodity in the market
E. High cost of a commodity

Question 330:

• WAEC 1995

The decision on what to produce is a problem in

A. All economics system
B. A mixed economic system only
C. A democratic socialist economy only
D. A free enterprise system only
E. A planned eceonomic system only