2016 Economics WAEC SSCE (School Candidates) May/June

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Economics 1 - Objective

  1. Human wants are insaliable because wants are A. limited while means are scarce. B_ unlimited and means are also unlimited C limited and means are also limited D. unlimited while means are scarce.
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  2. Scale of preference is important for the following reasons except in A. satisfying wants B. making rational choice C. making optional allocation of resources. D. using scarce resources efficiently.
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  3. In a socialist economy, prices of commodities are determined by A. forces of demand and supply. B. producers of the commodities C. the central planning authority D. consumers who are sovereign.
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  4. Which of the following cannot be classified as land in economics? A. bauxite deposit in the ground B. a lake used for irrigation C. a bulldozer for clearing farmland =D. grazing field for
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  6. If the budget of the country was $7,200.00, how much is allocated to Education?. A. $2,400.00 B. $2,000.00 C
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  7. Question 6
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  8. Question 7
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  9. Question 8
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  10. Question 9
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  11. Question 10
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  12. Question 11
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  13. Question 12
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  14. Question 13
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  15. Question 14
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  16. Question 15
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  17. Question 16
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  18. Question 17
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  19. Question 18
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  20. Question 19
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  21. Question 20
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  22. Question 21
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  23. Question 22
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  24. Question 23
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  25. Question 24
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  26. Question 25
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  27. Question 26
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  28. Question 27
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  29. Question 28
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  30. Question 29
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  31. Question 30
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  32. Question 31
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  33. Question 32
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  34. Question 33
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  35. Question 34
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  36. Question 35
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  37. Question 36
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  38. Question 37
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  39. Question 38
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  40. Question 39
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  41. Question 40
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  42. Question 41
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  43. Question 42
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  44. Question 43
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  45. Question 44
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  46. Question 45
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  47. Question 46
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  48. Question 47
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  49. Question 48
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  50. Question 49
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  51. Question 50
    1. Option a
    2. Option b
    3. Option c
    4. Option d

Economics 2 - Essay

Section A

Answer one question only from this section.

  1. Question 1
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
  2. Question 2
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v

Section B

Answer three questions only from this section.

  1. Question 3
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
  2. Question 4
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
  3. Question 5
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
  4. Question 6
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
  5. Question 7
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
  6. Question 8
    1. Sub-question a
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    2. Sub-question b
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    3. Sub-question c
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    4. Sub-question d
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    5. Sub-question e
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
    6. Sub-question f
      1. Sub-question i
      2. Sub-question ii
      3. Sub-question iii
      4. Sub-question iv
      5. Sub-question v
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