2006
(a) What are natural resources? (b) Describe any four roles natural resources play in economic development.
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2006 WAEC SSCE Economics Past Questions
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2006
(a) What are the sources of government revenue? (b) How does a government finance its budget deficit?
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2006
(a) What is (i) commodity money? (ii) token money? (iii) fiduciary issue? (iv) quasi money? (b) State any four functions of money.
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2006
(a) Explain the following: (i) Peasant farming (ii) commercial farming (iii) State farming (b) In what two ways will increased commercial farming contribute to the development of the economy of your country?
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2006
(a) Explain the following strategies of industrialization: (i) import substitution (ii) export promotion (b) Highlight any four objectives of industrial development programmes in your country.
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2006
(a) Why would a producer (i) enter a competitive market? (ii) leave a competitive market? (b) In what two ways do consumers benefit from perfect competition? (c) Give the two conditions necessary for profit maximizatio…
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2006
(a) What is elasticity of supply? (b) when is supply elastic? (c) Explain any four factors that influence elasticity of supply.
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2006
(a) What is population census? (b) Describe the problems faced in conducting a population census in your country.
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2006
(a) What is an economic system? (b) Outline any four features of a capitalist economy.
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2006
(a) Distinguish between wants and demand (b) With the aid of diagrams show the effect on demand when (i) there is a reduction in the number of 2200 consumers (ii) prices of substitutes increase (iii) there is a decrease…
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2006
The pie chart below shows the age distribution of population in thousands of an island Y for the year 2000 The total population of the island is 245,000. Use the information supplied to answer the questions that follow (…
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2006
Given that the prices and quantities supplied per period of time in litres of gasoline is expressed as Qs = 25 + 0.25 P, Where Qs is quantity supplied, P is price (a) Determine the quantity supplied when price per litre…
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2006
The study of economics enables the individuals to
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2006
An owner-manager of a firm can also be called
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2006
mining is an example of
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2006
The reward to capital as a factor of production is
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2006
which of the following tool of economic analysis is used when data contains more than one category?
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2006
Most of the problems of economics arises as a result of
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2006
one of the factors affecting geographical distribution of population is
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2006
middlemen in an economy perform the function of
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