2019
a. Distinguish between: i. Growing population and a declining populationii. overpopulation and underpopulation.b. Explain any four disadvantages of a rapidly growing population in an economy
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2019 WAEC SSCE Economics Past Questions
2019
a. What is public debt?b. Outline any three reasons why counties borrow.c. Highlight any three effects of a huge national debt on the economy of a country.
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2019
a. Distinguish between the following pairs of conceptsi. elastic demand and inelastic demandii. Income elasticity of demand and cross elasticity of demand.b. Using diagrams, explain how an increase in price will affect t…
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2019
a. Define a joint venture.b. identify any three merits of a private company over a partnership.c. State any three sources of finance to a public enterprise
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2019
(a) What is an industry?(b) Explain the following: i. division of labor ii. economies of scale (c) Outline any four internal economies of scale.
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2019
(a) i. Define distribution of goods.ii. Illustrate the normal chain of distribution of goods.b. Describe a consumers' cooperative society.c. Outline any four roles performed by a consumers' cooperative society
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2019
The extract from a country's balance of payments account is shown belowItemImports ($ million)Export ($)Agricultural products-200Mineral products-300Consumer goods250-Capital goods400-Insurance5025banking7530Transportati…
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2019
The diagram above represents the equilibrium position of a firm in a perfectly competitive industry. Study it carefully and answer the questions that follow.(a) i. At what level of output and prices is the firm in equili…
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2019
(a) What is public debt?(b) Outline any three reasons why countries borrow.(c) Highlight any three effects of a huge national debt on the economy of a country.
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2019
(a) Distinguish between the following pairs of concepts: (i) elastic demand and inelastic demand (ii) income elasticity of demand and cross elasticity of demand.(b) Using diagrams, explain how an increase in price will a…
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2019
(a) Define joint venture.(b) Identify any three merits of a private company over a partnership.(c) State any three sources of finance to a public enterprise.
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2019
(a) What is an industry?(b) Explain the following: (i) division of labour; (ii) economies of scale.(c) Outline any four internal economies of scale.
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2019
(a) (i) Define distribution of goods. (ii) Illustrate the normal chain of distribution of goods.(b) Describe a consumers cooperative society.(c) Outline any four roles performed by a consumers cooperative society
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2019
The extract from a country s balance of payments account is shown below.ItemImport ($ million)Export ($ million)Agricultural products------200Mineral products-----300Consumer goods250----Capital goods400----Insurance5025…
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2019
The diagram below represents the equilibrium position of a firm in a perfectly competitive industry. Study it and answer the questions that follow.(a) i. At what level of output and prices is the firm in equilibrium?ii.…
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2019
(a) What is economic integration?(b) Distinguish between a free trade area and a customs union.(c) Describe two advantages and two disadvantages of free trade area
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2019
(a) Explain any four causes of demand-pull inflation.(b) Outline any four undesirable effects of inflation.
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2019
(a) What is unemployment of labour?.(b) With an example each, explain the following types of unemployment: (i) frictional unemployment; (ii) structural unemployment; (iii) seasonal unemployment.(c) Outline any four cause…
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2019
(a) What is money?(b) Outline any three characteristics of money.(c) Explain an effect of inflation on each of the functions of money.
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2019
(a) Define labour force.(b) Explain the following concepts with an example each: (i) occupational mobility of labour; (ii) geographical mobility of labour.(c) Outline four factors that can influence the size of the labou…
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