WAEC (WASSCE) Economics · Foundations of economics
Definition and scope of economics: WAEC Economics Past Questions and Answers
What the WAEC syllabus covers in Definition and scope of economics
Our summary: Why scarcity forces choices, what those choices cost, and how economic activities are grouped.
- Scarcity and choice, scale of preference, opportunity cost, production possibility curve
- Economic activities – production, distribution and consumption
- Classification of economic activities – primary, secondary and tertiary and their relative contributions in terms of output/income, employment, savings, investment and foreign exchange
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)).
WAEC (WASSCE) Economics questions on Definition and scope of economics
- WAEC 2024There is scarcity when
- WAEC 2024Points within a Production Possibilities Curve (PPC) indicate
- WAEC 2023An economy system is mainly concerned with
- WAEC 2023The study of economics is mainly concerned with how to
- WAEC 2023Warehousing is an economic activity that falls under
- WAEC 2021The study of economics IS Important to every society because it …
- WAEC 2020Which of the following is central to the definition of Economics?
- WAEC 2020Which of the following are intermediate products?
- WAEC 2020When the production possibility curve shifts outwards, the economy experiences
- WAEC 2020The exploitation of mineral resources constitutes which form of production?
- WAEC 2019The fundamental economic problem in every society is
- WAEC 2018Economic problem arise in all society because?
- WAEC 2018which of the following is not emphasized in a production possibility curve
- WAEC 2017Economics is regarded as a science because?
- WAEC 2017the opportunity cost of a worker going to the university is
- WAEC 2016Scale of preference is important for the following reasons except in
- WAEC 2016Human wants are insatiable because wants are
- WAEC 2015An outward shift of the production possibility curve shows that?
- WAEC 2015Economics is regarded as a science because it?
- WAEC 2015In developing countries, a larger percentage of the labour force is employed in the
Years with Definition and scope of economics questions in DeeepSolve's question bank
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