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WAEC Economics Past Questions and Answers PDF Download

It is essential to practice waec economics past questions when getting ready for the West African Senior School Certificate Examination (WASSCE). You can learn what you already know and also what you do not know, or do not know at all, by studying previous exam papers as part of your preparation.

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It is essential to practice waec economics past questions when getting ready for the West African Senior School Certificate Examination (WASSCE). You can learn what you already know and also what you do not know, or do not know at all, by studying previous exam papers as part of your preparation.

Quick Links
1 Where can I get WAEC Economics Past Questions?
2 Is WAEC a hard Exams?
3 Waec Economics Past Questions And Answers PDF 2023
4 How Can I Get Waec Economics Past Questions and Answers?

Where can I get WAEC Economics Past Questions?

We have compiled a comprehensive past questions with answers for waec economics candidates. Waec economics past questions can be accessed on Past Questions Forum. To get access to this material, kindly follow the procedures below to get your copy.

WAEC Economics Past Questions
WAEC Economics Past Questions

Is WAEC a hard Exams?

The WAEC exam is getting more and more difficult to pass if you don’t take your time to study the questions. Before attempting to respond to questions, you must first read the instructions and comprehend them. The WAEC theory questions are not meant for you to fully answer, unlike your objective papers. Whichever it is, your WAEC theory paper always has instructions listed beneath each section. If at all feasible, reading the directions and questions twice will greatly improve your chances of passing the WAEC exam.

Waec Economics Past Questions And Answers PDF 2023

Below are samples of waec economics past questions

1. Demand is elastic when percentage change in
A. quantity demand is greater than percentage change in price
B. price is greater than percentage change in quantity demanded
C. price is equal to one
D. Quantity demanded is zero
Answer is A
2. Which of the following is not a function of an insurance company?
A. pooling resources together against risk
B. Mobilization of funds through premiums collected.
C. encouragement of investment by security capital
D. collection of deposits from the public for investment
Answer is D
3. A debenture holder earns
A. commission
B. profits
C. fixed interest
D. quasi-rent
Answer is C
4. In economics, a market is defined as any
A. agreement made for consumers to but all they need
B. agreement to sell commodities at low prices
C. arrangement made for producers to sell all their goods
D. arrangement whereby the buyers and sellers are in contact.
Answer is D
5. All economic systems must decide what to produce because
A. resources are not available
B. consumers want maximum satisfaction
C. resources are limited in supply
D. producers want maximum profit
Answer is C
6. In the balance of payments of a country, tourism is classified under
A. capital account
B. invisible trade
C. merchandise trade
D. official reserves
Answer is B
7. General rise in the price level induced by increased price of inputs is referred to as
A. run-away inflation
B. cost-push inflation
C. demand-pull inflation
D. imported inflation
Answer is B
8. Trade between two countries is known as
A. bilateral trade
B. unilateral trade
C. multilateral trade
D. internal trade
Answer is A
9. Which of the following is a function of merchant banks?
A. acting as bankers’ bank
B. Lending to the commercial banks as a last resort.
C. controlling inflation in the economy
D. underwriting and issuing of shares
Answer is D
10. The action of government to forgo road construction in order to provide more health facilities denotes
A. Sound economic decision
B. opportunity cost.
C. practicable government policy
D. scale preference
Answer is B

How Can I Get Waec Economics Past Questions and Answers?

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