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Economics WAEC Past Questions

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511
Which of the following countries is not a member of the Economic Community of West African States (ECOWAS)?
  • A. Ghana
  • B. The Gambia
  • C. Cameroun
  • D. Guinea Bissau
View Answer & Discuss WAEC 2000
512
Economic problems arises because
  • A. resource are scarce relative to wants
  • B. man is insatiable
  • C. money is scarce
  • D. man engages in too many economic activities
View Answer & Discuss WAEC 2001
513
The economic system in which resource are privately owned dis known as
  • A. Capitalism
  • B. Socialism
  • C. communism
  • D. unitarism
View Answer & Discuss WAEC 2001
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514
Quasi-rent refers to
  • A. payment made on aquisition of a firm's premises
  • B. payment made for the procurement of tools and equipments
  • C. returns on investment
  • D. payments made on any factors of production that is temporaly fixed in supply
View Answer & Discuss WAEC 2001
515
Reward for entrepreneurship is
  • A. rent
  • B. wages
  • C. interest
  • D. profit
View Answer & Discuss WAEC 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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