2019
(a) State Professor Robbins definition of Economics.(b) Explain the following concepts: (i) opportunity cost; (ii) scale of preference; (iii) production possibility curve.(c) Outline three reasons for the study of Econom…
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2019 WAEC SSCE Economics Past Questions
2019
The table below shows the percentage age distribution of population of country Y in 2010. The population was 200,000. Use the information in the table to answer the questions that follow.Age group (year)0 - 1819 - 4041 -…
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2019
The table below shows the cost of production and output of maize. The price of maize is fixed $20.00. Use the information to answer the questions that follow.Maize (bags) Total Variables ($)Total cost ($)Total Revenue ($…
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2019
Natural resources that are renewable are found in the
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2019
Exploitation of forest resources becomes a major problem when
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2019
One measure for financing a country's balance of payments deficit is through
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2019
The major achievement of the Economic Community of West African States (ECOWAS) is that it has
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2019
Which of the following institutions is Concerned with expanding developing countries' commodity trade
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2019
An improvement in a country's terms of trade means that the
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2019
Devaluation of currency may not correct a balance of payments deficit if the demand for export is
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2019
Balance of trade involves the exchange of
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2019
In a period of unemployment and falling prices, the government should adopt a
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2019
In most underdeveloped countries, development plans do not achieve their objective due to
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2019
In most developing countries, a large percentage of the labour force is engaged in
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2019
Insurance Companies are similar to commercial banks in that they
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2019
What happens when the central bank increases the bank rate?
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2019
Citizens are protected from the government's arbitrariness in taxation by the canon of
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2019
An increase in the prices of factor inputs may result in
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2019
The motive for holding money to meet unforeseen events is termed
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2019
Which of the following is true of the value of money? It
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