Now you have a complete guide on Likely WAEC Economics Questions and Answers to help you succeed. People may wish to have access to WAEC expo/runs in Economics, but I tell you, the details on Objectives and theory Economics WAEC Questions and Answers provided for you here is the best.
The West African Examination Council (WAEC) Economics paper 1 and 11 (Objectives and Essay) schedule is available in the official WAEC Timetable. All the necessary materials will be provided by the management board for the smooth running of the exams. To pass WAEC Economics with A1, keep reading fore latest news on correct WAEC Economics answers.
WASSCE Economics past Questions papers has been provided here to help you get ready for the questions that will be presented to you. Likely WAEC Economics expo questions and Answers and how to answer the questions without wasting time are equally provided.
WAEC Economics Objectives Questions and Answers
There are free WAEC Economics Past Questions and Answers for you. Take your time and make good use of it while waiting for the latest update on Likely WAEC Economics expo.
The following are Sample WAEC Economics Objectives Past Questions and Answers:
1. The marks obtained by 9 students in a class test are recorded below: 9, 8, 7, 5,7, 6, 8, 9 and 7. What is the median mark?
- A. 7
- B. 8.5
- C. 8
- D. 7.5
Answer: A (7)
2. Trade protection will assist economic growth in developing countries if it can
- A. generate enough revenue through export duties
- B. effectively safeguard newly established firms
- C. eliminate importation of all commodities
- D. allow the importation of cheaper goods people want
Answer: B (effectively safeguard newly established firms)
3. A joint stock company enjoys perpetual existence because
- A. there is a higher degree of specialization
- B. it is a corporate entity
- C. it is formed by a minimum of seven members
- D. its shares are easily
Answer: B (it is a corporate entity)
4. The average revenue curve of a firm in a perfect market is the same as the
- A. supply curve of the firm
- B. average cost curve of the firm
- C. demand curve of the firm
- D. total revenue curve of the firm
Answer: C (demand curve of the firm)
5. Petrol and Kerosene are jointly obtained from crude oil. If the supply of petrol increases, the
- A. cost of crude oil production has increased
- B. supply of kerosene will rise
- C. supply of kerosene will remain unchanged
- D. supply of kerosene will fall
Answer: B (supply of kerosene will rise)
6. When more of tax on a product is borne by the buyer than the seller, the commodity involved has
- A. perfectly elastic demand
- B. perfectly inelastic demand
- C. fairly inelastic demand
- D. elastic demand
Answer: C ( fairly inelastic demand)
7. Which of the following is not a problem facing Economic Community of West African States (ECOWAS)?
- A. Poor transportation and communication
- B. Inadequate supply of labour
- C. Production of the same commodities
- D. Language barriers
Answer: B (Inadequate supply of labour)
8. A joint stock company enjoys perpetual existence because
- A. it is formed by a minimum of seven members
- B. it is a corporate entity
- C. there is a higher degree of specialization
- D. its shares are easily
Answer: B (it is a corporate entity)
9. Trade protection will assit economic growth in developing countries if it can
- A. generate enough revenue through export duties
- B. effectively safeguard newly established firms
- C. eliminate importation of all commodities
- D. allow the importation of cheaper goods people want
Answer: B (effectively safeguard newly established firms)
WAEC Essay Economics Questions
1a. What is an embargo?
b. Outline any **three* reasons for imposing tariffs on imports
c. Explain any three reasons against the use of tariffs
2a. Define location of industry
b. Explain how the following factors influence where a firm is sited:
i. raw materials
ii. market
iii. government policy
c. Outline three advantages of localization of industry
How to pass WAEC exams
It’s important to make your West African Senior Secondary School Certificate Examination a huge success. The following ways are beneficial to candidates that wish to pass WAEC with flying colors:
1. Make adequate Preparation: By preparing very well for the WAEC Economics Objectives and theory exams, candidates will be able to write the exams confidently.
2. Attending Extra moral Classes: The school teachers might not be able to complete the curriculum on time. On that note, it is advisable for students to attend tutorials that will enlightened the more on the right topics under The syllables.
3. Make good use of Past Questions: The West African Examination Council, WAEC has a pattern of setting questions. Students that make good use of the WAEC Economics past Questions and Answers will surely perform well in the exams. Try and practice the questions set on previous years.
4. Use WAEC Economics Syllabus: The WAEC Economics Syllabus has a list of topics to be treated for years. Candidates should ensures that they use the syllabus while studying and preparing for their exams.
Steps to Answer Questions
The following steps are crucial while trying to answer WAEC Economics questions:
- Candidates are advised to always begin with the simplest questions.
- Adherence to the WAEC exams instructions are very important.
- All the required details should be carefully written or entered on the WAEC Answer booklet.
- Candidate’s handwriting should be very readable.
- It’s important to attempt the required number of questions.
- Candidates should cross check their answers before final submission.
Conclusion
Passing the WAEC Economics exams is very easy. All that is required is to do the needful. Prepare on time, attend tutorials, use past Questions and syllabus and many more.
Those that want to know more about the WAEC Economics questions and Answers should use the comments box hereunder.
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