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Economics 2017 WAEC Past Questions

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1

Economics is regarded as a science because?

  • A. its issues can be easily verified by reference to facts
  • B. it adopts scientific methods in making its analysis
  • C. its issues are relevant for national development
  • D. its subject matter studies human behaviour
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2

the opportunity cost of a worker going to the university  is

  • A. tuition, fees and books
  • B. boarding and lodging
  • C. the wages given up to attend the university
  • D. transportation and entertainment
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3

which of the following items is not an example of circulating capital

  • A. raw material
  • B. money
  • C. fuel
  • D. machinery
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4

in a market economy, the problem of what goods to produced is solved primarily by

  • A. directives of the government
  • B. the pattern of consumers spending
  • C. producers of consumer goods
  • D. people producing what they want
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5

if the weight of five puppies in kilograms are 3.5, 3.0, 4.2, 5.0 and 4.3, then mean weight of the puppies is?

  • A. 3.5 kg
  • B. 4.0 kg
  • C. 4.2 kg
  • D. 5.0 kg
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts