Economics WAEC Past Questions

Exam Type:

Exam year:

Question Type:

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

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Your School's Whatsapp Group - Join Us now

901

An economic system where the central planning authority determines what goods to produce and in what quantity is known as

A. market economy
B. socialist economy
C. welfare economy
D. Traditional economy

View Answer & Discuss WAEC 2009

902

The main objective of setting up a private business organization is to

A. protect the interest of the owners
B. promote exports
C. provide infrastructure
D. maximize profits

View Answer & Discuss WAEC 2009

903

The demand and supply function of a commodity are given as below.
Qd = 20 - 2p
Qs = 6p - 12
Where p = price in naira, Qd = Quantity demanded and Qs = Quantity supplied. The equilibrium price is

A. 2 Naira
B. 4 Naira
C. 6 Naira
D. 20 Naira

View Answer & Discuss (2) WAEC 2009

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

904

The type of demand that exist between torchlight and battery is

A. competitive demand
B. complemetary demand
C. composite demand
D. joint demand

View Answer & Discuss (3) WAEC 2009

905

When the price of a commodity increases and the quantity demanded also increases, this is a case of

A. exceptional demand
B. derived demand
C. competitive demand
D. joint demand

View Answer & Discuss WAEC 2009

Start a Free Practice Test

Subjects

Economics WAEC Past Questions

Subjects

Sign In