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

Economics Past Questions

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

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
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
4611

Money is able to function more as a medium of exchange when

  • A. there is a fall in production
  • B. more prople engage in subsistence production
  • C. individuals and nations are self-sufficient
  • D. there is specialization of labour
View Answer & Discuss WAEC 2023
4612

An economy system is mainly concerned with

  • A. studying the relationship between ends and means
  • B. the allocation of scarce resources between alternative ends
  • C. handling situations of abudant resources
  • D. the establishment of economic laws
View Answer & Discuss WAEC 2023
4613

When the marginal utility from the consumption of commodity X (Mux) is greater than the price commodity X (Px), a rational consumer should

  • A. strive to remain in disequilibrium
  • B. consume the same quantity of commodity X
  • C. consume more of commodity X
  • D. reduce consumption of commodity X
View Answer & Discuss WAEC 2023
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4614

Which of the following items is not classified as working capital?

  • A. Fuel
  • B. Money to pay wages
  • C. Semi-finished goods
  • D. Equipment
View Answer & Discuss WAEC 2023
4615

If the demand for a commodity remains constant as price increases, the commodity is said to be

  • A. perfectly price inelastic
  • B. unit price elastic
  • C. price elastic
  • D. price inelastic
View Answer & Discuss (1) WAEC 2023
Start a Free Practice Test
 
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208