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Economics Past Questions

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4616

Warehousing is an economic activity that falls under

  • A. secondary production
  • B. primary production
  • C. tertiary production
  • D. intermediate production
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4617

The study of economics is mainly concerned with how to

  • A. rank individuals' wants given the abundant resources
  • B. make choice when resources are inadequate
  • C. satisfy every member of all societies
  • D. produce all the goods needed by everyone
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4618

Use the graph above to answer the question
The curve labelled W shows the

  • A. regressive tax
  • B. proportional tax
  • C. specific tax
  • D. progressive tax
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4619

Resources are pooled for the mutual benefit of its members mainly in a

  • A. cooperative society
  • B. joint stock company
  • C. private company
  • D. partnership
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4620

The total fixed cost curve is

  • A. horizontal
  • B. upward sloping
  • C. vertical
  • D. downward sloping
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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
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709