1997 WAEC SSCE Economics Past Questions

1997

In a public company , entrepreneural function are performed by the

1997

(a) Define the term Balance of Payments. (b) What are its main components?

1997

State any three positive and any two negative effects of petroleum industry on the economy of Nigeria.

1997

Explain any five reasons why a joint stock company is preferable to a one-man business.

1997

What is money? Why do people prefer to hold money?

1997

With the aid of a diagram, explain the super-normal profit of a monopolist.

1997

(a) Define population census. (b) State the implications of (i) optimum population. (ii) over- population.

1997

Describe any five problems of distribution in Nigeria.

1997

(a) Explain the term opportunity cost. (b) Highlight the relevance of the opportunity cost concept to individuals, firms and government.

1997

Use the table to answer the following questions:Quantity of yams(kg)Total Revenue (TR)Marginal Revenue (MR)Total Cost (TC)Marginal Cost (MC)NNNN00-5-1998321896T3246215428Q254530225U6P1250728-3S1824R24-2(a) Complete the t…

1997

The data here shows an hypothetical age distribution of the population of a town in Nigeria. SexAge in years10 and below11-14 15-336 - 6465 and aboveMale13502275 1135 Y3250Female26502725 13654265 ZTotal4000X 250075006000…

1997

which of the following does not increase the population of country

1997

Scarcity in Economics means that

1997

Economics is often described as a science because it

1997

when the price of a given product is reduced from N100 to N90, the quantity demanded increases from 50 to 60 units. From this we can conclude that the product's

1997

The formula for calculating price elasticity of demand coefficient is

1997

Goods are said to be in competitive demand when they

1997

In Economics production is complete when

1997

which of the following has a derived demand?

1997

The optimum population of a country is reached when the

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