[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
  1. Home
  2. Classroom
  3. Economics
  4. WAEC

Economics WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
661
The concept of opportunity cost is important to the firm because it
  • A. determines the price of the firms products
  • B. increases the level of output of the firm
  • C. leads to maximum satisfaction of the consumers
  • D. guides firms in allocating scarce resources
View Answer & Discuss WAEC 2004
662
As a firm expand s , it enjoys some advantages called
  • A. variable proportion
  • B. diminishing marginal returns
  • C. internal economies of scales
  • D. decreasing returns to scale
View Answer & Discuss WAEC 2004
663
division of labour is limited by
  • A. the size of the market
  • B. the productivity of capital
  • C. cost of production
  • D. the factors of production
View Answer & Discuss WAEC 2004
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
664
An entrepreneur is likely to make more profits when
  • A. expenditure is more than revenue
  • B. competitors charge lower prices
  • C. costs per unit output falls
  • D. quantity of output reduces
View Answer & Discuss WAEC 2004
665
Natural growth rate is
  • A. birth rate less death rate
  • B. death rate less migration
  • C. death rate plus birth rate
  • D. birth rate plus migration
View Answer & Discuss WAEC 2004
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now