2003 WAEC SSCE Economics Past Questions

2003

(a) What is economic planning? (b) Outline the problems associated with economic planning in West Africa.

2003

(a) Explain the term economic integration.(b) Highlight any four problems of economic integration in West Africa.

2003

In what ways is foreign trade different from domestic trade?

2003

Write notes on each of the following: (a) Savings account (b) Current account (c) Fixed deposit account.

2003

(a) Define the term unemployment.(b) Highlight the effects of unemployment on an economy.

2003

(a) Distinguish between cost-push inflation and demand pull inflation.(b) Explain any four ways of controlling inflation.

2003

Explain any four of the following terms: (a) Nationalization (b) Commercialization (c) Privatization (d) Indigenization (e) Joint Ventures.

2003

(a) What is price elasticity of demand? (b) With carefully labeled diagrams, illustrate each of the following: (i) perfectly inelastic demand (ii) unitary elastic demand (iii) fairly elastic demand (iv) perfectly elastic…

2003

Why do government conduct population census?

2003

(a) Why is the scale of preference important (b) Explain the concept, opportunity cost. (c) State the opportunity cost in each of the following actions: (i) A shirt was purchased for N500.00 instead of a pair of shoes. (…

2003

The table below shows the tax payments of four income earners in a year. Use the information in the table to answer the questions that follow. Income EarnersIncome BasetaxPaymentsNNABJawara15,000.001,500.001,200.00Ade25,…

2003

Study the following extract on country Y's population data and answer the questions that follow. The population of country Y in 1970 was 60 million. From 1971 to 1975 the total number of births was 25 million and deaths…

2003

The problem of scarcity is reduced by

2003

which of the following is not an advantage of tubular presentation of data?

2003

The major agents of economics system are

2003

Economic as a field of study is a

2003

Division of labour leads to

2003

A major limiting factor of mass production is

2003

one major function of the entrepreneur is

2003

Which of the following factors of production consists of man made goods?

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