2022
(a) What is economic integration? (b) Outline any three short-comings of the Economic Community of West African States (ECOWAS) (c) Highlight any three achievements of the Economic Community of West African State (ECOWAS…
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2022 WAEC SSCE Economics Past Questions
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2022
(a) Distinguish between a: mortgage bank and a merchant bank commercial bank and a development bank (b) Explain any four functions of commercial banks
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2022
(a) Explain the following types of taxes: specific tax value-added tax(b)(i) With the aid of diagrams, describe the effects of an indirect tax on a commodity when demand is: perfectly inelastic (ii) With the aid of d…
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2022
(a) What is a demand schedule?(b) Explain each of the following terms: - effective demand - composite demand - derived demand(c) (i) Using appropriate diagrams, explain how a change in the price of a commodity would i…
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2022
(a) Distinguish between labour force and efficiency of labour (b) Describe five factors which determine the size of the labour force in a country
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2022
(a) Define the term limited liability (b) Describe four differences between a public joint-stock company and a private joint-stock company (c) Outline three sources of finance available to sole proprietorship
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2022
(ai) The diagram above shows the effects of the introduction of a subsidy on the production of maize. Study the diagram and answer the questions that follow.Identify the curves labelled X,Y,Z(aii) State the direction of…
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2022
(a) A hypothetical national income data for a country in particular year is presented below:ITEM$MILLIONWages and salaries250Income paid abroad75Income from self-employment120Stock appreciation5Interest10Income received…
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2022
An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are
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2022
The supply curve of a locally-produced good may shift to the right if
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2022
The demand curve for goods of ostentation is usually
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2022
The increase in the demand for a commodity may lead to a decrease in the demand for another if both are
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2022
The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the GDP is $540, what is the contribution of the mining sector?
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2022
A major disadvantage of a capitalist economy is that it
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2022
A major characteristic of natural resources is that they
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2022
There is unemployment of resources when production is
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2022
If petrol is no longer needed to produce energy, then demand for crude oil
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2022
The main function of the African Development Bank (AFDB) is to
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2022
A benefit that is present in all forms of economic integration is that
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2022
Given that a country's index of export price is 180 and that of import is 200, the terms of trade is
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