2002 WAEC SSCE Economics Past Questions

2002

Why is agricultural productivity low in your country?

2002

How can a huge national debt affect the economy of a country?

2002

In what ways will West African countries benefit from economic integration?

2002

Explain the factors which influence the level of employment in your country.

2002

(a) Distinguish between direct and indirect taxes.(b) What are the advantages of direct taxes?

2002

(a) What is a market economy?(b) Highlight the features of a market economy.

2002

(a) What is a perfectly competitive market?(b) Explain the conditions necessary for a perfectly competitive market,

2002

(a) Distinguish between fixed and variable costs.(b) Under which conditions will a firm continue to operate at a loss in the short run? (Use figures or a diagram to explain your answer).

2002

Explain the factors which influence the level of wages in your country.

2002

What factors limit the size of indigenous firms in West Africa

2002

The following data relate to a closed economy of a country where all production takes place in two firms. Use the information in the table to answer the questions that follow:ItemsFirm A (in 000 Dollars)Firm B (in 000 Do…

2002

The table below shows the supply and demand for kilograms of maize per month in thousands. Use the information in the table to answer the questions that follow. Quantity supplied (000)Price per thousand kilogram ($)Quant…

2002

One of the advantages of large - scale production is that

2002

Economics is best described as the study of

2002

Land is a factor of production because it

2002

Which of the following is a reward to a factor of production?

2002

Warehouse facilities in the distribution and marketing of products are provided by

2002

Subsistence production means that goods and services are

2002

The most frequent occurring value in a given data is the

2002

Economist speaks about ‘opportunity cost’ when a consumer

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