2013
(a) Outline any four problems of barter economy.(b) How has the introduction of money solved the problems outlined in 12(a) above?
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2013 WAEC SSCE Economics Past Questions
2013
(a) Distinguish between cash ratio and special deposits.(b) Explain how cash ratio and special deposits are used as instruments of monetary policy.(c) Describe any two instruments of fiscal policy in West Africa.
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2013
(a) What is perfect competition?(b) With the aid of diagrams, compare the short run equilibrium positions of a perfect competitor and an imperfect competitor.(c) State any two features of an imperfect market.
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2013
(a) Highlight the difference between creeping inflation and hyper inflation.(b) List any four negative effects of inflation.(c) Outline four ways in which the government of your country can control inflation.
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2013
(a) State two characteristics of monopolistic competition.(b) With the aid of diagram(s), explain why a firm in monopolistic competition is unable to earn abnormal profits in the long run.(c) Differentiate between natura…
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2013
(a) What is competitive supply?(b) With the aid of illustrations, differentiate between a supply schedule and a supply curve.(c) Explain how the supply of a commodity is affected by the following: (i) an improvement in t…
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2013
(a) Differentiate between direct and indirect taxation(b) Highlight any five advantages of indirect taxation to developing countries
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2013
(a) Explain any four benefits of industrial development in an economy(b) Outline any four measures that will encourage industrial growth in your country.
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2013
(a) Distinguish between small scale prodution and large scale production(b) Describe any five internal economies of large scale production.
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2013
(a) What is: (i) peasant farming? (ii) commercial farming?(b) Describe five ways in which agriculture contributes to the economic development of your country.
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2013
The table below shows the scale of preference of a student - Mr Smith whose disposable income is $7.00. Use the information in the table to answer the auestoins that follow. Items neededPrice ($) Textbook 5.00 Shirt 2.00…
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2013
The output and cost of production of rice (in bags) are presented in the table below. Use the information in the table to answer the questions that follow. Output of rice (in bags) 0 1 2 3 4 Total Variables Coat (TVC) $…
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2013
In Economics , a market is defined as any
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2013
The action of government to forgo road construction in order to provide more health facilities denotes
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2013
In the balance of payments of a country, tourism is classified under
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2013
Trade between two countries is known as
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2013
All economic systems must decide what to produce because
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2013
A debenture holder earns
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2013
Which of the following is not a function of an insurance company?
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2013
The value of money is effected by the
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