Economics

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Past Questions

Year1989
Exam TypeWAEC
Question 1
waec 1989
a

Are not enough to share among producers of goods and services

b

Needed to satisfy human wants are limited

c

Are never enough to share among consumers of goods and services

d

Required to meet our essential wants are unlimited

e

Can be managed if those who use them can behave rationally

Question 2
waec 1989
a

Time series

b

Demand series

c

Demand curve

d

Demand schedule

e

Time schedule

Question 3
waec 1989
a

Durability

b

Divisibility

c

Homogeneity

d

Double coincidence of wants

e

Portability

Question 4
waec 1989
a

Galloping

b

Induced

c

Creeping

d

Suppressed

e

Run-away

Question 5
waec 1989
a

A place where buyers and sellers come together to exchange goods

b

Any agreement made for consumers to buy all they need

c

any arrangement made for producers to sell all their goods

d

any arrangement where by buyers and sellers are in close touch with one another

e

a place where only consumer goods are sold

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