Waec Wassce Economics Questions

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wassce economics questions and answers

Wassce Economics have been provided by WAEC to assist you understand the required standards expected in Economics final Examination. Students performance in examination under review was done by the Chief examiner, this you will see while exploring links like General Comment, Performance, Weaknesses, Strength and Observation on respective Questions From Waec.

2021 wassce economics questions and answers

The West African Senior School Certificate Examination (WASSCE) is a type of standardized test taken in West Africa, mostly by students who wish to proceed to the higher institution. It is administered by the West African Examination Council (WAEC).

It is only offered to candidates residing in Anglophone West African countries namely: Ghana, Gambia, Nigeria, Liberia and Sierra Leone and is written 2 times a year ( May/June and Nov/Dec).

Download Waec Wassce economics past questions and answers

Download economics past questions and answers

Waec Wassce economics question and answer

Here is a complete guide on how to pass WAEC ECONOMICS 2020 Questions with ease.

Wassce WAEC ECONOMICS Questions?

The following are WAEC ECONOMICS 2021 Past questions on Economics that may be repeated

OBJECTIVE

1. One of the advantages of large scale production is that
A. there is a rise in the cost of administration.
B. consumers sacrifice their individual tastes.
C. the firm can use labour-saving machinery.
D. the demand for a firm’s products becomes localized.

2. The location of timber and plywood industries in West Africa is mainly influenced by the availability of
A. transport.
B. water.
C. raw materials.
D. labour supply.

3. Malthus’ population theory states that
A. high death rate may lead to low productivity.
B. population may outgrow the means of subsistence.
C. people will always decide to have children.
D. migration may leave some parts of the world barren.

4. Which of the following is not likely to be an effect of a growing population?
A. Rise in demand
B. Unemployment
C. Fall in standard of living
D. High per capita income

5. Personal savings are generally low in West Africa because of
A. the level of income of the people.
B. the refusal of banks to grant loans.
C. overpopulation.
D. cheaper foreign currencies.

6. Devaluation of currency in a country is likely to lead to
A. increasing population.
B. increasing imports.
C. exports becoming cheaper.
D. reduced exports.

7. Which of the following is not a benefit derived from the petroleum industry?
A. Increased foreign exchange earnings
B. Establishment of refineries and petrochemical industries
C. Employment of a greater proportion of the population
D. Development of airports, seaports and other social infrastructure

8. An efficient weapon used in resolving disputes between employees is
A. co-operation.
B. collective bargaining.
C. display of placards.
D. legal action.

9. A country’s balance of payment is in deficit when
A. a country’s payments for imports of invisible goods are greater than her receipts from exports of invisible goods.
B. the total receipts from her export of visible and invisible goods are greater than her payments for visible and invisible imports.
C. it can record a surplus on current account of her balance of payments accounts.
D. the total payments for visible and invisible imports are greater than the total receipts from her exports of visible and invisible goods.

10. Which of the following features best describes peasant agriculture in West Africa? It
A. specializes in the production of one crop.
B. involves the use of small farm holdings.
C. is a capital-intensive system of farming.
D. is mostly associated with tree crops

THEORY (ESSAY)

1. The table below represents a traveller’s consumption of bottles of Coca-Cola. Study it carefully and answer the questions that follow:-

No. of BottlesTotal UtilityMarginal Utility
1.1515
2.29F
3.4213
4.D12
5.65G
6.75H
7.E0

Wassce economics Trail question

(a) Determine the missing figures D, E, F, G and H.
(b) Draw the demand curve for the traveller’s consumption of Coca-Coca.
(c) Explain the law of diminishing marginal utility as the basis for the slope of the traveller’s demand curve.

2. (a) Distinguish between economic activities and an economic system.
(b) Explain the following terms:
(i) Production;
(ii) Distribution;
(iii) Consumption.

3. (a) With the aid of a diagram, explain a minimum price.
(b) State any five measures by which a minimum price for an agricultural produce can be made effective.

4. (a) Describe the output method of measuring the gross domestic product of a country.
(b) How is the net national product at factor cost obtained from gross domestic product?
(c) State two problems associated with the output method.

5. (a) Explain the function of money as a
(i) measure of value;
(ii) store of value.
(b) Show how inflation affects these two functions of money.

6. (a) What is a commercial bank?
(b) Describe any four ways by which the Central Bank controls the amount of Credit given by the commercial banks.

7. (a) Differentiate between human capital and physical capital.
(b) State three ways of improving on the stock of human capital in your country.

Economics waec past questions pdf

This are Wassce Waec Economics waec past questions pdf, Do not take them us current question.

WASSCE / WAEC Economics May / June 2017 Paper 1
WASSCE / WAEC Economics May / June 2015 Paper 2 (Theory)
WASSCE/ WAEC Economics May / June 2015 Paper 1 (Objective)
May/June WASSCE / WAEC Economics Past Question Paper 2 & 1 (Objectives & Theory)
Nov/Dec WASSCE / WAEC Economics past question Paper 2 & 1 (Objectives & Theory)

To pass WAEC 2020 Economics once and for all is what should bother students that are ready. Are you among this category? Remember to follow the instructions below. WAEC Economics, 2020 is very simple, feel relaxed and tackle it squarely. Also, some candidates fail WAEC, not because they are dull or not brighter, but because they are not well informed. If you wish to do it yourself, key into the following:

Below is WAEC Economics Answers to Questions 2020

Disclaimer> this info is basically to serve as a guide, sample questions on this page are just for trial..but remember the more questions you try the more confident you are

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