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Economics Past Questions

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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
4626

An example of government's recurrent expenditure is

  • A. electrification projects in rural areas
  • B. the cost of building a school
  • C. purchase of new vehicles
  • D. paying salaries of workers
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4627

A fall in the price of a normal commodity which has elastic demand will result in

  • A. a fall in demand
  • B. a fall in quantity demanded
  • C. an increase in revenue
  • D. a decrease in revenue
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4628

The dependency ratio of a country is the

  • A. the children and aged who rely on the active population for support
  • B. people who are cared for by their extended families
  • C. total active population who depend on government for survival
  • D. number of children who depend on their parents for survival
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
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4629

When the demand for a commodity increases while supply remains unchanged, the equilibrium price and quantity will

  • A. increase
  • B. remain constant
  • C. decrease
  • D. turn negative
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4630

Consumers have access to a variety of goods through the activities of the

  • A. retailers
  • B. advertising agencies
  • C. mass media
  • D. wholesalers
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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
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