It’s easy to get correct WAEC Economics questions 2021 and also, free WAEC Economics answers 2021 to NECO Exam if you follow this our WAEC 2021 Economics questions and answers expo attentively.
We have long been receiving several questions from WAEC candidates Googling for answers online, which many of them had been asking some important questions like;
Where can I get correct Economics questions and answers for WAEC 2021 before the exam? Answer: we will give you a complete package that will help you to unveil exactly what WAEC will set for the Economics exam.
Legit WAEC Economics Expo website: this depends on the kind of expo you are looking for. If you are looking for WAEC 2021 expo guidelines that will help you to have a foreknowledge of the WAEC 2021 Economics questions, then you will get here.
WAEC Questions and Answers for Economics 2021/2022
Firstly, the Economics exam is one of the subjects that you will be writing on this exam. The exam has 50 multiple choice objective questions to be answered along with other theory questions within the assigned time.
To add value to this, I have also made some research to figure out the most repeated Economics Past Questions and Answers for WAEC 2021. So use them for study and reference purposes only.
1. The effect of a growing population include the following, except?
Unnecessary Rise in demand
Increased rate of Unemployment
Sudden Fall in the standard of living
High level of “per capita income”
2. Which of this is a cause of low personal savings in West Africa?
The low income of the people.
Commercial Banks refusal to give loans.
cheaper foreign currencies.
3. The benefit of the petroleum industry including the following, except?
Increment in the foreign exchange rate
Establishment of more companies, refineries & industries
Provision of Employment to a greater proportion of the population
Advancement and Development of social infrastructure
4. Which of this method could be used to resolve disputes between employees effectively?
display of placards.
5. Which of these definitions well describes the term “Peasant agriculture” in West Africa?
specialization in the production of one crop.
It involves the use of small farm holdings.
Peasant agriculture is a capital-intensive system of farming.
It’s mostly associated with tree crops.
6. Which of the following is an advantage of large scale production?
there is a rise in the cost of administration.
consumers sacrifice their individual tastes.
the firm can use labor-saving machinery.
the demand for a firm’s products becomes localized.
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