1996 WAEC SSCE Economics Past Questions

1996

(a) Explain the term economic planning (b) Outline the problems of development plans in Nigeria.

1996

(a) What is meant by devaluation? (b) Explain the measures by which a country can correct its balance of payments deficit.

1996

(a) Explain the methods of measuring the national income of a country (b) State any three problems associated with measuring national income.

1996

State any two ways by which monopolistic competition and perfect competition are similar and any three ways in which they are different.

1996

Explain five sources of finance that are available to a Public Limited Company.

1996

The daily sales of a department store for one week are as followsDaysMonTue.Wed.Thu.Fri.Sat.Sales N175010003500225010002500(a) Present the above data in a bar graph. (The use of graph sheet is essential). (b) Calculate…

1996

Utility scheduleQuantity of goods consumedTotal UtilityMarginal Utility00011010216-3-44--5231623-(a) Complete the above utility schedule (b) Draw the marginal utility curve C(i) At what quantity does TU equal MU? (II) Wh…

1996

Explain any three weapons that can be used by a trade union and any two weapons that can be used by an Employers' Association during a trade dispute.

1996

Define ageing population and explain its effects on an economy.

1996

In what ways can the government improve agricultural production in Nigeria?

1996

If as a result of fall in price of the commodity X, the quantity demanded of commodity Y falls, then commodities X and Y are

1996

If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is

1996

The ranking of a consumer’s need in order of importance is termed

1996

Which of the following correctly illustrates the chain of distribution?

1996

Localization of industries is

1996

Farm produce are graded, packed and distributed by

1996

Subsistence agriculture means

1996

MUX = PX ( where X and Y = good X and Good Y; MU = Marginal Utility;P= Price)MUY = PY. The above represents the

1996

Diminishing return occurs in short run when there is a reduction in the

1996

The process that leads to an agreement on the condition of service between employer and employee is termed

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