1996 Economics WAEC SSCE (School Candidates) May/June

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Economics 1 - Objective

  1. Question 1
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  2. Question 2
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  3. Question 3
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  4. Question 4
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  5. Question 5
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  6. Question 6
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  7. Question 7
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  8. Question 8
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  9. Question 9
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  10. Question 10
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  11. Question 11
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  12. Question 12
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  13. Question 13
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  14. Question 14
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  15. Question 15
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  16. Question 16
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  17. Question 17
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  18. Question 18
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  19. Question 19
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  20. Question 20
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  21. Question 21
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  22. Question 22
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  23. Question 23
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  24. Question 24
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  25. Question 25
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  26. Question 26
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  27. Question 27
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  28. Question 28
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  29. Question 29
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  30. Question 30
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  31. Question 31
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  32. Question 32
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  33. Question 33
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  34. Question 34
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  35. Question 35
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  36. Question 36
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  37. Question 37
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  38. Question 38
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  39. Question 39
    1. Option a
    2. Option b
    3. Option c
    4. Option d
  40. Question 40
    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. Utility Schedule
Quality of goods consumed Total Utility Marginal Utility
0 0 0
1 10 10
2 16 ?
3 ? 4
4 ? ?
5 23 1
6 23 ?
    1. Complete the above utility schedule
    2. Draw the marginal utility curve
      1. At what quantity does TU equal MU?
      2. What is the value of MU when TU reaches the maximum?
      3. What happens to the values TU as the quantity consumed increases?
      4. What happens to the values of MU as the quantity consumed increases?
  2. The daily sales of a department store for one week are as follows;
Days Mon Tue Wed Thur Fri Sat
Sales ₦ 1,750 1,000 3,500 2,250 1,000 2,500
  1. Present the above data in a bar graph. (The use of graph sheet is essential).
  2. Calculate the average daily sales for the week.

Section B

Answer three questions only from this section.

  1. In what ways can the government improve agricultural production in Nigeria?
  2. Define ageing population and explain its effects on an economy.
  3. Explain any three weapons that can be used by a trade union and any two weapons that can be used by an Employers' Association during a trade dispute.
  4. Explain five sources of finances that are available to a Public Limited Company.
  5. State any two ways by which monopolistic competition and perfect competition are similar and any three ways in which they are different.
    1. Explain the method of measuring the national income of a country.
    2. State any three problems associated with measuring national income.
    1. What is meant by devaluation?
    2. Explain the measure by which a country can correct its balance of payments deficit.
    1. Explain the term economic planning.
    2. Outline the problems of development plans in Nigeria.
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