2005 WAEC SSCE Economics Past Questions

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2005

(a) Explain the term balance of payments deficit (b) What four measures can be taken to reduce the balance of payments deficit of a country?

2005

(a) Distinguish between personal income and national income (b) Describe any four uses of national income data.

2005

(a) Define the term taxation. (b) In which four ways can the government of your country use taxation to improve the economy?

2005

Describe any four ways by which industrial development can promote agricultural productivity in your country

2005

Outline the role of development banks In the economic development of West African countries.

2005

(a) What is trade by barter? (b) Highlight the problems posed by trade by barter.

2005

(a) Distinguish between a public company and a public corporation (b) What are the problems of public corporations in your country?

2005

(a) Outline any two differences between monopoly and perfect competition (b) State any four entry barriers that can prevent the emergence of competitive firms.

2005

(a) Explain the term net migration. (b) Describe any four economic effects of rural to urban migration in your country.

2005

(a) What are capital goods. (b) Explain the problems associated with the distribution of goods in your country.

2005

The Table below relates to the supply of labour in response to the given wage rates Use the information in the table to answer the questions that follow .Wage rate ($ per hour)Hours worked (per day) Income per day (S) 10…

2005

The diagram above illustrates the demand for and supply of maize. Use the information in the diagram to answer the questions that follow(a) (i) What is the total revenue of the farmer at the initial equilibrium? (ii) C…

2005

The remuneration of the entrepreneur as a factor of production is called

2005

The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt . This implies that

2005

A list of consumer's wants arranged in order of priorities is known as

2005

Farming, mining and fishing are

2005

Economic activities are undertaken to solve the problem of

2005

Age distribution is important because it helps the government to

2005

which of the following determines the size of a country's population ? (I) Birth rate (II) Death rate (III) Migration rate (IV) Importation rate (V) Unemployment rate

2005 WAEC SSCE Economics Past Questions

(a) Explain the term balance of payments deficit (b) What four measures can be taken to reduce the balance of payments deficit of a country?

(a) Distinguish between personal income and national income (b) Describe any four uses of national income data.

(a) Define the term taxation. (b) In which four ways can the government of your country use taxation to improve the economy?

Describe any four ways by which industrial development can promote agricultural productivity in your country

Outline the role of development banks In the economic development of West African countries.

(a) What is trade by barter? (b) Highlight the problems posed by trade by barter.

(a) Distinguish between a public company and a public corporation (b) What are the problems of public corporations in your country?

(a) Outline any two differences between monopoly and perfect competition (b) State any four entry barriers that can prevent the emergence of competitive firms.

(a) Explain the term net migration. (b) Describe any four economic effects of rural to urban migration in your country.

(a) What are capital goods. (b) Explain the problems associated with the distribution of goods in your country.

The Table below relates to the supply of labour in response to the given wage rates Use the information in the table to answer the questions that follow .Wage rate ($ per hour)Hours worked (per day) Income per day (S) 10…

The diagram above illustrates the demand for and supply of maize. Use the information in the diagram to answer the questions that follow(a) (i) What is the total revenue of the farmer at the initial equilibrium? (ii) C…

The remuneration of the entrepreneur as a factor of production is called

The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt . This implies that

A list of consumer's wants arranged in order of priorities is known as

Farming, mining and fishing are

Economic activities are undertaken to solve the problem of

Age distribution is important because it helps the government to

which of the following determines the size of a country's population ? (I) Birth rate (II) Death rate (III) Migration rate (IV) Importation rate (V) Unemployment rate

when a worker changes from one tye of job to another, it is called