2010
(a) What is incidence of taxes? [4 marks] (b) Explain any four principles of taxation [16 marks]
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2010 WAEC SSCE Economics Past Questions
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2010
(a) What is a commercial bank? [4 marks] (b) Describe any four ways by which the Central Bank controls the amount of credit given by the commercial bank [16 marks]
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2010
(a) Explain the function of money as a (i) measure of value [5 marks] (ii) store of value. [5 marks] (b)Show how inflation affects these two functions of money [10 marks]
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2010
(a) Distinguish between location of industries and localization of industries [5 marks] (b) Describe any three advantages and any two disadvantages of locating industries in rural areas [15 marks]
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2010
(a) What is privatization? [4 marks] (b) Give four reasons for government participation in economic activities in your country [16 marks]
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2010
(a) What is a partnership? [4 marks) (b) State any two advantages and any two disadvantages of a partnership [16 marks]
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2010
(a) Explain with examples the following types of production (i) Primary [4 marks] (ii) Secondary [4 marks] (iii) Tertiary [4 mark] (b) Give two reasons why primary production pre-dominates in developing countries [8 mar…
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2010
(a) What is the equilibrium of a consumer? [5 marks] (b) Explain how a consumer attains equilibrium in spending his income. [15 marks]
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2010
(a) Define increase in supply. [4 marks] (b) With the aid of diagrams, explain the effect of an increase in the supply of fish on the price of beef [16 marks]
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2010
With an appropriate illustration, explain the circumstance in which an increase in output of a producer would (a) decrease his sales revenue [10 marks] (b) increase his sales revenue [10 marks}
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2010
The table below represents the cost function of a poultry farm. The price of a crate of egg is $21. Use the information contained in the table to answer the questions that follow.Quantity of eggs (in crates) Total cost (…
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2010
The table below represents a travellers's consumption of bottles of Coca-Cola. Study the table carefully and answer the questions that follow. No. of BottlesTotal UtilityMarginal Utility11515229F342134D12565G675H7E0(a) C…
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2010
In which of the following economic system do we have mostly private ownership of resources and individual decision making?
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2010
A tent-making factory offers
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2010
The following are examples of economic goods except
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2010
The slope of a supply curve is
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2010
Goods for which demands rises as income rises are
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2010
Which of the following causes the demand curve to shift to the right?
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2010
Find the median of the following set of scores 8,9,6,5,10
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2010
The sum of items divided by the number of items is the
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