WAEC Past Questions on Economics

English Past Question 2021

WAEC Past Questions on Economics – Your preparation starts now and this is done by going through Economics Past Questions to familiarize yourself with how questions are being set. Economics as a secondary school subject studies social behavior guiding the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society. It does make a difference. Academic studies consistently show that candidates who practice get more job offers. Practice makes you much better and significantly increases your odds of getting hired.

Your preparation starts now and this is done by going through Economics past questions to familiarize yourself with how questions are being set.

WAEC Past Questions on Economics

Why you need WAEC Past Questions on Economics

By using past questions you will discover that there are some topics the exams body will tend to prefer more than others in testing candidates. Even though the syllabus, for instance, contains all the topics of interest, there will still be those topics that are high on the list with questions. By paying more attention to the popular topics, you will set yourself steps ahead in your preparation. Hence, you won’t be in the dark about questions to expect in the examination.

‣ Therefore, you won’t need support rather you’ll be confident in yourself.

‣ Furthermore, You won’t develop examination fever as a result of not knowing where the questions will be coming from.

WAEC Past Questions on Economics Pattern

WAEC Past Questions on Economics are patterns in a multiple-choice question pattern. We have made it very easy for you. we bring all the questions for many years and put them together in the order of their occurrence. We provide the correct answers to save you time.

Sample of WAEC Past Questions on Economics

Question 1

If X represents the factors of production and Y represents the factor price, which of the following association sets is correct?

Options

A) (land, rent) (capital, wage), (labor, profit)
B) (land, interest) (capital, profit), (labour, wage)
C) (land, wage), (capital, interest), (labour, rent)
D) (land, rent), (capital, interest), (labour, wage)

Question 2

If the cost of production for a firm continues to increase as its output rises, the firm is said to be experiencing?

Options

A) large-scale production
B) profit maximization
C) economies of scale
D) diseconomies of scale

Question 3

Given perfect competition in the capital market, the opportunity cost of capital is adequately reflected by the?

Options

A) interest rate
B) returns on capital
C) alternative capital foregone
D) shadow price of foreign exchange

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7 Tips to Prepare for WAEC Economics Exams

  1. Don’t make reading your hobby: A lot of people put reading as a hobby in their CV, they might be right because they have finished schooling. But “You” are still schooling, so reading should be a top priority, not a hobby. Read far and wide to enhance your level of aptitude
  2. Get Exams Preparation Materials: These involve textbooks, dictionaries, Babcock University Post UTME Past Questions and Answers, mock questions, and others. These materials will enhance your mastery of the scope of the exams you are expecting.
  3. Attend Extramural Classes: Register and attend extramural classes at your location. This class will help you refresh your memory and boost your classroom understanding and discoveries of new knowledge.
  4. Sleep when you feel like: When you are preparing for any exams, sleeping is very important because it helps in the consolidation of memory. Caution: Only sleep when you feel like it and don’t oversleep.
  5. Make sure you are healthy: Sickness can cause excessive feelings of tiredness and fatigue and will not allow you to concentrate on reading. If you are feeling as if you are not well, report to your parent, a nurse, or a doctor. Make sure you are well.
  6. Eat when you feel like it: During the exam preparation period, you are advised not to overeat, and to avoid sleep. You need to eat little and light food whenever you feel like eating. Eat more fruits, drink milk and glucose. This will help you enhance retention.
  7. Reduce your time on social media: Some people live their entire lives on Facebook, Twitter, WhatsApp, Messenger chat. This is so bad and catastrophic if you are preparing for exams. Try and reduce your time spent on social media during this time. Maybe after the exams, you can go back and sleep in it.

If you like these tips, consider sharing them with your friends and relatives. Do you have a question or comments? Put it on the comment form below. We will be pleased to hear from you and help you score as high as possible.myPastQuestion.com.

We wish you good luck!

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